4 ms·
Or the entire concept of 'too big to fail', which a great slogan for a terrible idea. If reverses the incentives from spreading risks and organising them to be
by roenxi 1y ago
Or the entire concept of 'too big to fail', which a great slogan for a terrible idea. If reverses the incentives from spreading risks and organising them to be uncorrelated out to instead concentrating them and encouraging them to correlate because then when it looks like a company might lose money the public will probably pick up the bill.