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If you've been around on the planet for a while, you'll notice that the signal isn't reliable. Big names go bankrupt with regularity - especially banks. What s
by barrkel 7y ago
If you've been around on the planet for a while, you'll notice that the signal isn't reliable. Big names go bankrupt with regularity - especially banks.
What saves the day is size, not branding: if the political cost of failure is too high, they get bailed out. Not just banks, but car manufacturers, factories, etc.
- Phillipharryt 7y agoBut up until the point they fail, it sure feels like they'll be around for ever. There's a reason Lehman Brothers going under was "the death of a wall street institution" and not "shaky money scrubbers finally tip over". Their name had been associated with longevity and history, and brands like Coca Cola or IBM don't change their logos much, I feel in some part due to the logic the commenter above spoke about.