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And indeed the government forced a merger with UBS, reaffirming that they were too big to fail.
by jhugo 4y ago
And indeed the government forced a merger with UBS, reaffirming that they were too big to fail.
- astrange 4y ago"Too big to fail" means the regulators tell you what to do /all the time/, not just after you've failed. You don't want to be too big to fail! There's a lot of businesses only small banks can do, like backing sweep accounts and neobanks like Simple/Aspiration.