{"id":192799,"date":"2009-02-18T20:54:00","date_gmt":"2009-02-19T01:54:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/18\/more-calls-to-end-to-big-to-fail\/"},"modified":"2009-02-18T20:54:00","modified_gmt":"2009-02-19T01:54:00","slug":"more-calls-to-end-to-big-to-fail","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/18\/more-calls-to-end-to-big-to-fail\/","title":{"rendered":"More Calls to End &#8220;To Big to Fail&#8221;"},"content":{"rendered":"<p>We are hearing more calls for breaking up the banking giant, this one from <a href=\"http:\/\/www.housingwire.com\/2009\/02\/16\/break-up-big-banks-says-community-banker\/\">Rusty Cloutier, of MidSouth Bank<\/a>, a regional institution.<\/p>\n<p>Clouter, as CEO of a bank, obviously has an axe to grind, as the prospect of the banking giants getting massive bailouts makes it difficult for <span style=\"font-weight: bold;\">him<\/span> to raise capital.<\/p>\n<p>Right now, this doesn&#8217;t seem to be on the agenda, but three weeks none of the <span style=\"font-style: italic;\">very serious people<\/span> in Washington DC were willing to discuss it as anything but a joke, but yesterday <a href=\"http:\/\/40yrs.blogspot.com\/2009\/02\/hell-freezes-over.html\">hell froze over<\/a>, and Alan Greenspan, longtime friend of Ayn Rand, said that it was the least bad solution.<\/p>\n<p>Hopefully, we will see this bubble up over the next few weeks\/months.<\/p>\n<p>H\/t <a href=\"http:\/\/www.calculatedriskblog.com\/2009\/02\/community-banker-break-up-big-banks.html\">Calculated Risk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We are hearing more calls for breaking up the banking giant, this one from Rusty Cloutier, of MidSouth Bank, a regional institution. Clouter, as CEO of a bank, obviously has an axe to grind, as the prospect of the banking giants getting massive bailouts makes it difficult for him to raise capital. Right now, this &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,985],"tags":[],"class_list":["post-192799","post","type-post","status-publish","format-standard","hentry","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192799"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192799"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192799\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}