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Too big to fail, but also not big enough to be broken up. If the government's priority was safeguarding the financial system, as soon as the crisis passed the b
by SenAnder 3y ago
Too big to fail, but also not big enough to be broken up. If the government's priority was safeguarding the financial system, as soon as the crisis passed the big banks would be broken up to reduce risk if any one of them failed.
That breaking them up wasn't even discussed in government or media shows how powerful their influence is.
- phone8675309 3y ago"It's a big club, and you ain't in it" - George Carlin