I tend to believe that the Glass-Steagall approach, an institutional way to address the question, overlooks the importance of a market response.
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Instead of trying to come up with a constructive solutio, the banks failed to accept that their exceptional earnings did not come to them.
More than Paulson, more than Bernanke, more than pretty much anyone in Washington I'd trust venture capitalist John Doerr to negotiate my stake in the bailout.
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