Bailout Architects Overly Optimistic About The Program's Success

05/21/2012 08:31 am ET
  • GRETCHEN MORGENSON The New York Times

THE multibillion-dollar trading loss at JPMorgan Chase has revived the idea of paring down banks that are too big to manage. That’s a good thing, if we ever hope to get off the boom-bust-bailout track.

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