Fed Vice Chairman Donald Kohn Suggests Permanent Access for Wall Street

This seems to be a day for very stupid ideas.

Kohn is suggesting that the cash for the big sh&^ pile program be continued, “as long as regulators tighten oversight of the companies.”

A better ideal would be to apply anti-trust to make the investment banks small enough to be small enough to fail.

Constant bailouts would be norm under the system proposed, because financial experts have an unlimited capability to delude themselves that, “This time is different“.

We do not want the Fed, and thus the taxpayer, to be supporting the gut instincts of a Harvard MBA whiz kid.

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