A voice of reason. Thank you. Yes, liquidation is the answer when the patient is insolvent and bankrupt. In a systemic crisis, however, our bankruptcy courts

A voice of reason. Thank you. Yes, liquidation is the answer when the patient is insolvent and bankrupt. In a systemic crisis, however, our bankruptcy courts cannot move fast enough. That is a problem that needs to be tackled, otherwise scared politicians will always have enough time to reach for bailouts.