The dinosoaurs failed for a reason: Grethen Rocks: Too big ot fail , means too big to exist
Started by Riversider
about 16 years ago
Posts: 13572
Member since: Apr 2009
Discussion about
http://www.nytimes.com/2009/10/04/business/economy/04gret.html AMID all the talk about systemic risk regulators, consumer protection and other fixes to our fractured financial system, there is a troubling silence on what may be the single most important reform: how to rid ourselves of banks that are so big and interconnected that their very existence threatens the world. It is perverse, of course,... [more]
http://www.nytimes.com/2009/10/04/business/economy/04gret.html
AMID all the talk about systemic risk regulators, consumer protection and other fixes to our fractured financial system, there is a troubling silence on what may be the single most important reform: how to rid ourselves of banks that are so big and interconnected that their very existence threatens the world.
It is perverse, of course, to reward big banks’ mistakes with bailouts financed by beleaguered taxpayers. But the too-big-to-fail doctrine benefits the banks in other ways as well: the implication that an institution will not be allowed to fall gives it significant cost advantages over smaller, perhaps more responsible competitors.
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Response by 1OneWon
about 16 years ago
Posts: 220
Member since: Mar 2008
The bigger they are, the harder they fall.... A constitutional amendment is the only way I see for this "too big to fail" to actually fail, but getting a amendment for this might be a bigger hurdle than what it's suppose to fix.
Ignored comment.
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Response by 1OneWon
about 16 years ago
Posts: 220
Member since: Mar 2008
I can't believe I just responded to one of rs's linked posts. Where's the delete button.
aboutready
about 2 years ago
ignore this person
report abuse I'm sure a number of you will be happy to see my departure (although Spunky, I will truly miss you) but I have found a number of real estate blogs where I don't even feel compelled to post very often, because I agree generally with what's being said (and they're run by real estate brokers, no less.) I'm sure that nervous habit, or excessive boredom, will cause me to check in once in awhile (particularly about specific buildings I might be interested in), but generally I find you guys to be storks with your heads so stuck in the sand its gotta cause some major itching.
New York IS different, just not THAT much. Bye, and good luck.
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The bigger they are, the harder they fall.... A constitutional amendment is the only way I see for this "too big to fail" to actually fail, but getting a amendment for this might be a bigger hurdle than what it's suppose to fix.
I can't believe I just responded to one of rs's linked posts. Where's the delete button.
1OneWon..It's going to be ok.
nope..
http://www.thefreedomworks.com/rand3.gif
What are you saying? Riversider's links rock!
riversider is a lying pig.
well said
columbiacounty ,you seem upset. Is it because aboutready wished us farewell? Conveniently timed the morning she was going on vacation?
She'll be back. She wished streeteasy farewell two years ago. Jsmith posted the link to her farewell, didn't you see it?
no
jsmith9005
about 11 hours ago
ignore this person
report abuse I think I've heard this before - http://streeteasy.com/nyc/talk/discussion/2496-the-sky-is-falling
Who wants to take an over/under that she posts again within 3 months?
aboutready
about 2 years ago
ignore this person
report abuse I'm sure a number of you will be happy to see my departure (although Spunky, I will truly miss you) but I have found a number of real estate blogs where I don't even feel compelled to post very often, because I agree generally with what's being said (and they're run by real estate brokers, no less.) I'm sure that nervous habit, or excessive boredom, will cause me to check in once in awhile (particularly about specific buildings I might be interested in), but generally I find you guys to be storks with your heads so stuck in the sand its gotta cause some major itching.
New York IS different, just not THAT much. Bye, and good luck.
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You already did this one
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