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In hindsite - LTCM should have been the canary in the coal mine. They got bailed out to the tune of about 4 billion. Sounds like chump change after 2009....
by phlipski 10y ago
In hindsite - LTCM should have been the canary in the coal mine. They got bailed out to the tune of about 4 billion. Sounds like chump change after 2009.... And the banks are STILL too big to fail. If they truly are too big to fail then banks should be regulated like utilities used to be. What will it take before a majority of this country realizes that? Another 2009?
- jwatte 10y agoIt will take a collapse of the moneyed politics, probably through bloody revolution, for this to change at this point.