Simply Too Big

Anyone following the news today knows that Obama has come out with guns blazing about the big banks. ABOUT TIME!

Here's what I wrote about 16 months ago, in September, 2080:

Any financial institution that is 'too big to fail' is simply too big. Don't bail them out. Break them up.

I still don't necessarily believe that Obama is going to do the right thing about the banks. He'll have to convince me with sustained efforts, before I come around completely.