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Splitting up the banks won't eliminate the "too big to fail" problem. If a systemic crash (like the one last year) causes hundreds of smaller banks to fail, th
by mbrubeck 17y ago
Splitting up the banks won't eliminate the "too big to fail" problem. If a systemic crash (like the one last year) causes hundreds of smaller banks to fail, there will be just as much pressure to bail them out as if one giant bank fails.
- MaysonL 17y ago99 have already failed this year, and probably 2 or 3 hundred more will fail before this crisis is over, and their depositors have been bailed out - their stockholders and management haven't, unlike the big guys.