2016 Postmortem

bjo59

(1,166 posts) Wed Apr 13, 2016, 05:17 PM Apr 2016

This is kind of interesting with regard to Paul Krugman's recent dismissal of Bernie

Sanders on breaking up the banks because they represent a real and present danger to the US economy:

Elizabeth Warren Has Basically Had It With Paul Krugman’s Big Bank Nonsense
Too Big To Fail is alive and well.

Zach Carter
Senior Political Economy Reporter, The Huffington Post

But Warren directed her sharpest words at an unnamed set of people who have recently downplayed the role of big banks in the financial crisis and questioned the value of breaking up big banks — an apparent reference to the Nobel Prize-winning Krugman...
On Friday, Krugman argued that the financial crisis wasn’t really a problem of too big to fail, but rather a failure to regulate so-called shadow banks — a broad term including just about every financial activity beyond traditional loans and deposits.

http://www.huffingtonpost.com/entry/elizabeth-warren-big-banks_us_570ea9d6e4b03d8b7b9f52aa

Of course Krugman's remarks were part of a scathing critique of Bernie Sanders' position on breaking up the big banks.

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This is kind of interesting with regard to Paul Krugman's recent dismissal of Bernie (Original Post) bjo59 Apr 2016 OP

Krugman has become a real disappointment. BillZBubb Apr 2016 #1

The link below goes to a great post. kristopher Apr 2016 #2

Thanks! BillZBubb Apr 2016 #4

Krugman is auditioning for a position in Clinton's not to be realized administration. Autumn Apr 2016 #3

I think he's already past the audition and is guaranteed a seat in that unrealized admin. bbgrunt Apr 2016 #5

The problem is the little banks? Krugman has a screw loose! Peace Patriot Apr 2016 #6

BillZBubb

(10,650 posts)

1. Krugman has become a real disappointment.

Reply to bjo59 (Original post)

Wed Apr 13, 2016, 05:26 PM

Apr 2016

I used to respect him, but now even his economic points are tainted by his political choice. Too big to fail was a huge part of the problem. We would never have had the massive taxpayer funded bailout if there weren't so many too big to fail institutions. And it is naïve or disingenuous to pretend the too big to fail companies weren't intimately involved with shadow banking.

Elizabeth Warren seems to be the only objective person left in DC.