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What is the best approach, if there is one, for resolving the "too big to fail" issue? -Lawrence Lin, Taipei If I could boil it down to one recommendation, it is that we need strong resolution authority so that any failing institution can be liquidated in a way that does not damage the financial system overall. Then taxpayers will never again have to come in and provide a bailout...
When you're from New York City, you don't really cook. You order. I can make really good eggs, boil really good water. But I love women who can cook. You can cook, you got it. It's all yours. I'm just letting you know...
That’s the problem. Though many certainly did not and do not understand all the provisions of the Democrats’ healthcare prescription, it was not merely misinformation or the perceived specter of socialism-in-sheep’s-clothing that made the Tea Party boil. That’s too simple. “But what is it then?” the reformers will ask. Surely even those who did not vote for the President can appreciate the merits of the program, and surely the uninsured among Tea Partiers can see what we are doing...
...Obama knows he has little chance to transform the system if regulatory reform gets bogged down over health-care-style intricacies. The good news for Obama is that nobody claims our financial oversight is the best in the world. He may have a chance for reform if he can boil it down to one simple question...
There are several clever mantras that Meg Whitman chants while she's campaigning to be the next governor of California: "Don't try to boil the ocean" (taking too broad of an agenda to Sacramento), "All roads lead to Florida" (a model of how to fix the education system), "I am not 'kumbaya' about this" (she understands the difficulty of being governor) and, finally, the kind of oversimplified sound bite that is especially maddening to her critics, "You've got to find 20% of the reforms that will get you 80% of the way home...