The too big to fail financial market is already in a pathological state, it's too small, not enough competition, etc. Yes, just brushing things under the carpe

The too big to fail financial market is already in a pathological state, it's too small, not enough competition, etc. Yes, just brushing things under the carpet is bad, but whatever restructuring would have happened in that chaos would not have been an improvement. It's unfortunately very much politics. For example see how the FASB tried to eliminate HTM accounting, but had to back down (and that chair resigned). Yet! If the market already doesn't give enough shit to check the stuff in parentheses in a report for a 200B bank, then I suspect it's more of a theater than we like to admit. https://blogs.cfainstitute.org/marketintegrity/2023/03/13/the-svb-collapse-fasb-should-eliminate-hide-til-maturity-accounting/ https://blogs.cfainstitute.org/marketintegrity/2023/03/13/th...