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Anyone who thinks banks are still too big to fail hasn't seen the effort that the US Government has spent forcing them to create recovery and resolution plans.
by NovemberWhiskey 5y ago
Anyone who thinks banks are still too big to fail hasn't seen the effort that the US Government has spent forcing them to create recovery and resolution plans.
- thoughtstheseus 5y agoBanks are utilities at this point. They’re forced to hold massive reserves of highly liquid assets and have been regulated out of most risky business lines.