Mitt Romney's Housing Market Plan - Business Insider: "This is honestly a sentence in his whitepaper on The Future Of Housing Policy:
The Romney-Ryan plan will completely end “too-big-to-fail” by reforming the GSEs.
No really. Romney and Ryan believe that "too-big-to-fail", which generally refers to the assumption that a collapse of a major Wall Street institution would be catastrophic to the overall economy, thus making a bailout imperative, would be solved by the reform of Fannie and Freddie. Or maybe Romney and Ryan believe that only Fannie and Freddie are too big to fail, and that the collapse of a mega-bank would be fine. Those are the only possible readings of that sentence."
'via Blog this'