The Quiet Coup: IMF advice on the US economy

Re:The Quiet Coup: IMF advice on the US economy by biohacker42 on Friday March 27, 2009 @10:20AM (#535087)

The us will get through this, a year, or two, probably not 3, from now we'll start growing again and get high inflation.

Then the fed will raise rates to kill inflation, economic growth will slow down to a crawl and we'll begin paying off our debts.

This will last 10 to 20, just like Japan.

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Re:The Quiet Coup: IMF advice on the US economy by asmithmd1 on Friday March 27, 2009 @11:02AM (#535153)

exactly right. And the system will be the same as before - nothing will have been done to address the heart of the problem - banks that are "too big to fail".

Anything that is too big to fail is just too big.

We have successfully broken-up companies that were too big before - AT&T comes to mind. Do you think we would have an open internet if one company controlled all access to long distance communication like AT&T did before 1984? http://en.wikipedia.org/wiki/Bell_System_divestiture

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Re:The Quiet Coup: IMF advice on the US economy by randallsquared on Friday March 27, 2009 @12:59PM (#535370)

Entities that are that big have big lobbies. Big lobbies give effective control of governing bodies (at least, in their limited scope); this is known as regulatory capture. AT&T was broken up by judge, not by Congress, so it is not a good counterexample.

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Re:The Quiet Coup: IMF advice on the US economy by silentOpen on Friday March 27, 2009 @10:01PM (#536062)

I don't think the parent cares how AT&T was broken up.

Why not break up financial institutions through the judiciary? Oh, because the anti-trust laws are crippled...

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