Way Too Big to Save

[nebris]

From The Baseline Scenario
By Simon Johnson
March 9, 2010

Listening to US officials, talking to legal experts, and waiting for an intense Senate debate on financial reform to begin, you can easily form the impression that “too big to fail” adequately describes our most serious future systemic banking problems.

Comments

[lord_caramac]

I say let the old world crash and burn, let Capitalism die of natural causes and build a different economic system instead. Some kind of 21st Century Cyber-Socialism.