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HSBC and the Era of Too Big to Fail
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Blog

HSBC and the Era of Too Big to Fail

Advocates of extensive government regulation of private markets often argue that such measures are necessary to prevent large companies from abusing their market power for illicit gain. What is seldom highlighted, however is that big government and big business inevitably go hand in hand, and that  it is impossible to support one without supporting the other.

01/29/2013
AIG: "A Mistake at the beginning"
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Blog

AIG: "A Mistake at the beginning"

The media and political furor of the week is the employee bonuses paid by AIG under contracts that existed prior to the government’s effective takeover of the company. And while the President as well as politicians of both parties are fulminating about the payouts, voter anger should be directed more at those very politicians than at AIG.

03/18/2009