I was surprised to learn that there has been a small vandalism wave targeted towards specific advocacy groups along the Infinite Corridor. In the past two months, a display about the Israeli/Palestinian conflict was removed, a Martin Luther King display was vandalized twice, the United Christian Organization (UCO) bulletin board was torn down and pro-life ads were completely taken down along with the entire pro-life Bulletin Board.
The past week was marked by the beginning of the G-20 summit in London which gathered the leaders of the world’s largest economies. The focus of the agenda was the financial crisis and more specifically the coordination of an international stimulus package as well as the development of new regulations for financial institutions.
The too big to fail gospel has an aura of conventional wisdom and self evident truth that makes it very hard to debate. It is, however, one of the key assumptions behind the massive government intervention we have been seeing since last year. If these financial institutions were not saved, or so goes the gospel, the entire worldwide financial system would have collapsed and all hell would have broken loose.