The post is a copy of a quote from Niall Ferguson. Interesting concept that would be nice to discuss without prejudice. Related to such a discussion is the po

The post is a copy of a quote from Niall Ferguson. Interesting concept that would be nice to discuss without prejudice. Related to such a discussion is the position we are fed "too big to fail". That is, we have to bail out financial institutions such as AIG due to the size of their obligations and how interconnected they are. I would very much like to see analysis of the concentration of these debt obligations. That is, does only 10% of people (globally) hold 90% of the bad debt? Yes, I realize the debt is really held by institutions, but people hold the ownership of the institutions. So, if the debt is cut out and thrown away as a doctor would do to a malignant tumor, do you get rid of most of the debt by only effecting a minority of interests? Does anyone know of such an analysis?