{"id":195967,"date":"2008-06-02T19:11:00","date_gmt":"2008-06-03T00:11:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/06\/02\/fed-vice-chairman-donald-kohn-suggests-permanent-access-for-wall-street\/"},"modified":"2008-06-02T19:11:00","modified_gmt":"2008-06-03T00:11:00","slug":"fed-vice-chairman-donald-kohn-suggests-permanent-access-for-wall-street","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/06\/02\/fed-vice-chairman-donald-kohn-suggests-permanent-access-for-wall-street\/","title":{"rendered":"Fed Vice Chairman Donald Kohn Suggests Permanent Access for Wall Street"},"content":{"rendered":"<p>This seems to be a day for very stupid ideas.<\/p>\n<p>Kohn is suggesting that <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601103&amp;sid=a7EKKQuCqhUA&amp;refer=news\">the cash for the big sh&#038;^ pile program be continued<\/a>, &#8220;as long as regulators tighten oversight of the companies.&#8221;<\/p>\n<p>A better ideal would be to apply anti-trust to make the investment banks small enough to be small enough to fail.  <\/p>\n<p>Constant bailouts would be norm under the system proposed, because financial experts have an unlimited capability to delude themselves that, &#8220;<span style=\"font-style:italic;\">This time is different<\/span>&#8220;.<\/p>\n<p>We do not want the Fed, and thus the taxpayer, to be supporting the gut instincts of a Harvard MBA whiz kid.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This seems to be a day for very stupid ideas. Kohn is suggesting that the cash for the big sh&#038;^ pile program be continued, &#8220;as long as regulators tighten oversight of the companies.&#8221; A better ideal would be to apply anti-trust to make the investment banks small enough to be small enough to fail. Constant &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-195967","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\/195967"}],"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=195967"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195967\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=195967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=195967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=195967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}