Totally agree. Although as long as we can't move beyond systemic 'there is no alternative' thinking, it's hard to see how these institutions won't just remain too big to fail indefinitely. The trouble is everything is so concentrated and intertwined (ironically, but unrelatedly, like TOP's policies) so that it's near impossible to remove…
Totally agree. Although as long as we can't move beyond systemic 'there is no alternative' thinking, it's hard to see how these institutions won't just remain too big to fail indefinitely. The trouble is everything is so concentrated and intertwined (ironically, but unrelatedly, like TOP's policies) so that it's near impossible to remove a sick one without the rest of the tower falling down... You can't help but think a bit conspiritorally when there was absolutely zero hesitancy and a fully-formed crisis plan ready within minutes of Credit Suisse's wobble
Totally agree. Although as long as we can't move beyond systemic 'there is no alternative' thinking, it's hard to see how these institutions won't just remain too big to fail indefinitely. The trouble is everything is so concentrated and intertwined (ironically, but unrelatedly, like TOP's policies) so that it's near impossible to remove a sick one without the rest of the tower falling down... You can't help but think a bit conspiritorally when there was absolutely zero hesitancy and a fully-formed crisis plan ready within minutes of Credit Suisse's wobble