Have Plans Ready Next Time
I have another post at CBS Money Watch:
This reiterates that we need to have plans ready to dissolve systemically important financial firms. What I didn't say is that we should also do our best to prevent firms from becoming a danger to the system due to their size of connectedness.Why We Need Plans To Break Up Too-Big-to-Fail Banks, by Mark Thoma
Posted by Mark Thoma on Tuesday, September 22, 2009 at 09:46 AM in Economics, Financial System, Regulation |
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