from Global Research:
Last week, Paul Krugman said too big to fail is over:
There was indeed a large-bank funding advantage during and for some time after the crisis, but it has now been diminished or gone away — maybe even slightly reversed. That is, financial markets are now acting as if they believe that future bailouts won’t be as favorable to fat cats as the bailouts of 2008.
This news is part of broader evidence that Dodd-Frank has actually done considerable good, on fronts from consumer protection to bank capitalization ….
But as David Dayen notes, Krugman’s stretching the facts:
Please follow SGT Report on Twitter & help share the message.