3 ms·
Still right though. Too big to fail means too big to be allowed to exist. Either there must be stringent regulation with scale in winner takes all fields or som
by ReptileMan 6y ago
Still right though. Too big to fail means too big to be allowed to exist. Either there must be stringent regulation with scale in winner takes all fields or some form of serious punishment if the fed is going to be the saviour of last resort. And I don't mean punishing the corporation itself but the top management.
- adammunich 6y agoSeems to me like we're seeing the definition of "moral hazard" incarnate lately.