Trust Busting
The public trust has been busted by companies labeled "too large to fail".
Maybe it is time to adjust our antitrust laws. (I am not a lawyer, nor do I play one on TV, so this might not actually fall under antitrust laws, although I suspect they do). I suggest that we create rules to create any one company from becoming "too large to fail." Once a company reaches that size it must break up into smaller companies. If the situation changes, the companies could merge back together.
I realize this is highly reactive, it does not deal with whatever the next problem on Wall Street will be. And as with many well intentioned laws it may cause unintended harm to some organizations (I would hope not as bad as SOX). But even with that, I think it is worth considering.
What do you think?
-- Andy
Maybe it is time to adjust our antitrust laws. (I am not a lawyer, nor do I play one on TV, so this might not actually fall under antitrust laws, although I suspect they do). I suggest that we create rules to create any one company from becoming "too large to fail." Once a company reaches that size it must break up into smaller companies. If the situation changes, the companies could merge back together.
I realize this is highly reactive, it does not deal with whatever the next problem on Wall Street will be. And as with many well intentioned laws it may cause unintended harm to some organizations (I would hope not as bad as SOX). But even with that, I think it is worth considering.
What do you think?
-- Andy
posted by Andy Weaver at 21:52
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