Too Big To Fail

There’s been a whole lot written about the sins of the banks that are “too big to fail”. Pundits are wailing away with remedies. Politicians, sensing populist outrage, are thumping their chests. But I’m always suspicious of populist outrage. Why did the banks get so big in the first place? Are there societal benefits? If we “fix” the problem of big banks, what new problems do we create? Maybe everyone should slow down, take a deep breath, and learn why we need big banks.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: