I guess the Obama Administration has completely given up on any pretense of trying to provide a safety net for the financial sector of the American economy.
Instead, the Administration has now set an achievable goal for itself: Destroying financial firms quickly and without mercy.
It must be satisfying for the Community-Organizer-in-Chief and his administration to finally have a goal they can put their whole heart and soul into.
The finance-reform bill Congress is likely to pass this summer won't eliminate the risk of failure for financial firms, Treasury Secretary Tim Geithner says in an interview on Friday's Morning Edition.
But the bill means that, when firms get into trouble in the future, "we won't give them a second chance," he tells NPR's Renee Montagne. "We will dismember them, put them out of existence."