Does Recent Experience Mean Anything to Romney Adviser Glenn Hubbard?

From Reuters:

A top adviser to presidential candidate Mitt Romney on Tuesday dismissed an idea to cap the size of big banks floated last week by a senior U.S. Federal Reserve official.

Glenn Hubbard, an economic advisor in the Republican camp, said market forces would keep the size of financial institutions in check better than difficult and arbitrary government limits on banks judged too-big-to-fail.

So how did that work out in the events leading up to and since the systemic financial crisis?!?

Source:

Romney adviser dismisses capping U.S. bank size

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