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Tuesday, November 10, 2009

Congress weighs 'too big to fail'; Goldman denies it's too big

"We want to get our arms around gigantic mega-corporations that have more power than some nations," says U.S. Rep. Paul Kanjorski, D-Pa., a House leader who says he's drafting a bill to break up big companies, so we aren't asked to save the likes of AIG, Chrysler and Citigroup again, in the PhillyDeals column in today's Inquirer here.

MEANWHILE, BACK IN NEW YORK: Goldman Sachs boss Lloyd Blankfein says his firm's not too big to fail. "It’s far, far simpler than most of the competitors," he told a conference today, writes Bloomberg's Christine Harper here.

 
Posted by Joseph N. DiStefano @ 12:33 PM  Permalink | 1 comment
Comments   
  • 0 like this / 0 don't   •   Posted 1:20 PM, 11/10/2009
    Aww! Poor politicians! Pobrecito. Can't say "no" so we need to break up the big bad corporations. Give me a break! Spineless politicians voted for these bailouts and spineless voters re-elected them. It's time for the public to get out and vote the "rascals" out. Elect new guys who will say "NO" to corporate welfare and individual welfare.
    — Mark Glaeser


1 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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