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There's certainly a lot of the Old Boys Club about auditing and regulation, anecdotally... Too big to fail? The boundary cases will always be the challenge but
by eftpotrm 15y ago
There's certainly a lot of the Old Boys Club about auditing and regulation, anecdotally...
Too big to fail? The boundary cases will always be the challenge but I suspect we could get started by mandating a limit to percentages of GDP under management, overall, sectorally and regionally.
Fundamentally though, the issue is one of liability and should be insured no matter what the size of the business against the cleanup costs. I suspect that would regulate out of existence whole sectors as simply too expensive to insure, but is that really worse than a systemic liability to the taxpayer of several multiples of GDP, as at present?