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Sure, as long as they're not too big to fail. Those big banks should've gone bankrupt in 2008. They didn't because the taxpayer backstopped it. That is precise
by prasadjoglekar 1y ago
Sure, as long as they're not too big to fail. Those big banks should've gone bankrupt in 2008. They didn't because the taxpayer backstopped it.
That is precisely the moral hazard we're now living with. Become so big that you can't fail and can't be disciplined.