Will Romney be the last GOP holdout against breaking up the banks?
There’s a lot of thinking on the right these days that the banks need to be brought under control. The very conservative Dallas Fed called for breaking up the big banks this past spring. The Arkansas financier Warren A. Stephens said the same thing on the Wall Street Journal’s very conservative op-ed page around the same time. So did James Pethokoukos of the almost pathologically conservative American Enterprise Institute, also in theWeekly Standard. And so did Arnold Kling of the libertarian Cato Institute in National Review. All these conservatives have turned up, on this issue, in bed with a gaggle of thinkers on the left: Katrina vanden Heuvel, Robert Reich, Sherrod Brown, Bernie Sanders … I could go on.
You heard similar talk about breaking up the big banks during the early primary season from Jon Huntsman, but you aren’t hearing anything remotely like it from most conservative politicians, most especially not from Mitt Romney or Republican leaders in Congress.
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