Quote of the Day: Too Big to Fail
"If banks are "too big to fail," they are too big. They must be allowed to succeed or fail on their own merit, without any hint of government support. The failed behemoths at the core of housing finance, Fannie Mae and Freddie Mac, should be wound down. Robust, dynamic competition is a far better way to allocate credit."
~Kevin Warsh and Jeb Bush in today's WSJ