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Re: JP Morgan Chase Execs Vaporize $2B

Posted by Charles G on Mon May 14 12:11:28 2012, in response to Re: JP Morgan Chase Execs Vaporize $2B, posted by JayZeeBMT on Mon May 14 11:54:29 2012.

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I know how capitalism works. It's unsupervised capitalism that I take issue with.

Capitalism is quite well supervised by the capital providers.

The problem occurs when the government wants to play the role of great protector. The model where banks are allowed to take massive risks with the government standing ready to step in if something goes wrong is destined to fail. For an administration where one of the mottoes was "Never let a good crisis go to waste", the decision not to bring "Too big to fail" to an end is one of President Obama's biggest failures.

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