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AIG too big to fail? What are the arguments for new anti-trust laws?

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Cant trust em Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-02-09 12:12 PM
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AIG too big to fail? What are the arguments for new anti-trust laws?
If we're going to have to keep using tax payer funds to bail out banks/insurance groups, doesn't it stand to reason that we need to create some new legislation to make sure that we don't get to this point again?

What are some of the things being talked about out there?
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-02-09 12:14 PM
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1. Good question.
How can we keep bailing them out?
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-02-09 12:15 PM
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2. the goal now will be to have a company that's 'too big to fail'
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AngryAmish Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-02-09 12:17 PM
Response to Reply #2
4. If you are too big to fail, you are too big
Back in the day the japanese banks were the largest in the world. They were not allowed to fail when their real estate bubble burst. Japan never recpvered from that.

It seems we did not learn.
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AndyA Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-02-09 12:17 PM
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3. That's an excellent point. It's obvious changes need to be made,
as these companies have demonstrated they can't be trusted to manage their businesses properly.

Regulations and oversight must be implemented, and corporations that are "too big to fail" must be broken up so they aren't such a potential threat.
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