Friday, June 26, 2009

''TO BIG TO FAIL'', WILLEM BUITTER, F.T.

''The too big to fail problem has been central to the degeneration and corruption of the financial system in the north Atlantic region over the past two decades. The ‘too large to fail’ category is sometimes extended to become the ‘too big to fail’, ‘too interconnected to fail’, ‘too complex to fail’ and ‘too international’ to fail problem, but the real issue is size. The real issue is size..''
W.Buitter, Fianancial Times.
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