Spitzer weighs in on "too big to fail"

06/24/2010 | Slate

The financial crisis and the BP oil disaster are two sides of the same coin, Eliot Spitzer argues. "In each case, we socialized risk and privatized gain, creating ... an incentive for private actors to accept and create too much risk in their business model," he writes. His solution: Hold companies, not the public, liable for business losses.

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