Many financial experts believed that insolvent Wall Street banks could have been allowed to fail without destroying the economy. Jeffery Miron is a libertarian leaning Harvard economist. Listen to this short clip of him explaining the benefits of letting them crash.
Unfortunately, Dodd-Frank's Resolution Authority has institutionalized TARP for Too Big To Fail (TBTF) banks. Rep. Brad Sherman says Dodd-Frank's Resolution Authority gives the executive branch the authority spend Trillions on future bailouts, without Congressional approval. Sounds like no representation for taxation. Listen to his comments and common sense solution to end TBTF.
http://www.dailypaul.com/277342 (Rand Paul: One person can make a difference)
http://www.StandUpForYourRights.me/?p=1264 (Fast and Furious hearing)
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