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Paul Volcker's solution was that any time a bank is so big that we need to bail it out to avoid systemic problems, then the bank should be broken up. We can't a
by ktRolster 9y ago
Paul Volcker's solution was that any time a bank is so big that we need to bail it out to avoid systemic problems, then the bank should be broken up. We can't always see all the problems in advance, but we can break them up in the aftermath.