2 ms·
Banks are not declared too big to fail. They are sometimes described that way. But banks fail all the time. It’s why the FDIC exists. Boeing and the US gove
by mulmen 2y ago
Banks are not declared too big to fail. They are sometimes described that way. But banks fail all the time. It’s why the FDIC exists.
Boeing and the US government have a long and intimate relationship but it is mutual. Boeing was fully vertically integrated until it was favorable to encourage competition in the aviation industry and the US government broke the company up. Boeing is not untouchable.
- lordnacho 2y agoThink he means certain banks. Think JP Morgan, Citi, that kind of bank, rather than banks as a whole.
- chaostheory 2y agoYou’re describing a GSIB. There are only 4-6 banks in the US that’s considered a GSIB
- dabraham1248 2y ago8 (1). And I think that, in this context, those 8 plus the 22 US D-SIBs (2) means that there's 30. FWIW, I _think_ I'm not just pedantically correcting a particular number. I think I'm asserting that keeping track of n organizations is roughly O(n^2), so it's not 4 times as much work to keep track of them all, but more like 56 times as much work. I think that's a real difference that requires a different approach. I get that _you're_ not saying anything re: approach, just terminology. But I think the number matters to this subthread. 1. https://en.wikipedia.org/wiki/List_of_systemically_important_banks#List_of_Global_Systemically_Important_Banks_(G-SIBs) https://en.wikipedia.org/wiki/List_of_systemically_important... 2. https://en.wikipedia.org/wiki/List_of_systemically_important_banks#List_of_Domestic_Systemically_Important_Banks_(D-SIBs) https://en.wikipedia.org/wiki/List_of_systemically_important...