“..Mr. Brady is not alone on the Republican side of the political spectrum.
A growing number of serious-minded politicians are starting to support the point made by Jon Huntsman – the former governor of Utah and a Republican presidential candidate in the recent primaries: -
- global megabanks have become government-sponsored enterprises;-
- their scale does not result from any kind of market process – but is rather the result of a vast state subsidy scheme.
As Paul Singer, a hedge fund manager and influential Republican donor, says of the big banks – “Private reward and public risk is not what conservatives should want.”
A second problem for the bankers is that their arguments defending big banks are very weak…”
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