Government Meddling or Necessary Regulation?

News came down last week that the President, in his haste to shift the focus away from a quickly diminishing chance at health care reform, will now re-focus on regulating the big banks in an effort to prevent them from becoming “too big to fail” again. I have already written on the fact that, despite the fact that the banks were too big to fail before TARP, they have comntinued to get even bigger. You can read about that HERE . I also shared a banker’s perspective on what regulations need to happen that I had found on the Huffington Post. You can read that HERE . So this isn’t a new subject. But the President was pretty strident in stating that he was going after these regulations, even going so far as to say if they (the big banks) are looking for a fight, he is ready and willing to give them one. Now, I know that you are all aware of where I stand on the idea of government regulation of private businesses. But I am willing to report what I am reading and keep an open mind to the fact that I could be wrong in some way.
More Populist Rhetoric Used to Consolidate Power?