Why "Too Big To Fail" Is Scarily Here to Stay

Simon Johnson, BloombergAs a senator from Delaware in 2009- 10, Ted Kaufman fought long and hard against the systemic dangers posed by large, highly leveraged U.S. banks. When he left the Senate, at the end of the last Congress, there were some who supposed that his arguments would now get less attention at least from mainstream thinking.But far from dying out, the points Kaufman made seem to have taken hold within influential government circles.

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