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Bob Herbert: Why "Too Big To Fail" Is A Bailout For The Rich

First Posted: 03/18/10 06:12 AM ET Updated: 05/25/11 03:25 PM ET

Herbert

nytimes.com:

Why should the general public have to constantly worry that a misstep by the high-wire artists at Goldman Sachs (to take the most obvious example) would put the entire economy in peril? These financial acrobats get the extraordinary benefits of their outlandish risk-taking -- multimillion-dollar paychecks, homes the size of castles -- but the public has to be there to absorb the worst of the pain when they take a terrible fall.

Read the whole story: nytimes.com

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Filed by Claire Schneiderman  |