4 ms·
If you’re too big to fail, you’re too big to exist. We should either let them fail (my preference, despite the pain) or bail them all out. But I also think that
by christophilus 4y ago
If you’re too big to fail, you’re too big to exist. We should either let them fail (my preference, despite the pain) or bail them all out. But I also think that if we’re going to insist that there is a private entity that is too big to fail, it should be broken up until the pieces are not too big to fail.
- piva00 4y agoOr it shouldn't be a private entity.
- robertlagrant 4y agoBetter a private entity that needs bailing out with taxpayer money than one that is normally funded by taxpayers.
- hutzlibu 4y agoSocialise the risks, privatise profit.
- robertlagrant 4y agoTo be clear: I think we shouldn't socialise the risks either. Just saying it's better than fully running it on taxpayer money.
- di456 4y agoBanking is basically nationalized now. The government outsourced this responsibility to the Federal Reserve at the same time that a federal income tax began. There are 3 main ways to balance a government budget. Spend less, raise more funds through taxes, or make the scale of debt decrease through inflation.
- SturgeonsLaw 4y ago> Banking is basically nationalized now. More like government is privatized
- marcus0x62 4y ago¿Por que no los dos?
- nashashmi 4y agoActually svb did fail. And flunk. The shareholders are wiped out. The employees are gone. Saving the depositors is an act of charity. And if you save one bank, it restores confidence in the other banks against a bank run. Otherwise I was thinking of removing money in all banks combined.