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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   
Posted 01:20 PM, 11/10/2009
Mark Glaeser
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.
1 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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