too-big-to-fail

Too-big-to-fail is a much bigger problem than you thought. We've all read damning accounts of the government saving banks from their risky subprime bets, but it turns out that the Wall Street privilege problem is far more deeply ingrained in the U.S. legal system than the simple bailouts witnessed in 2008. more »

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Members of Congress finished ironing out their differences on Wall Street reform last night, and the resulting bill deserves unequivocal support from progressives and conservatives alike. But while the final package is a necessary first step to overhauling the nation's out-of-control financial sector, it will do very little to change the destructive status quo on Wall Street. more »

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I rarely accuse Paul Krugman of failing to think clearly, but I think he's missed the mark with his his argument against breaking up the U.S. too-big-to-fail financial oligarchy.

Here's Krugman's core objection:

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