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Isn't amazing how we live in an era in which "too big to fail" means it probably will?

George Orwell eat your heart out.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Sun Nov 23rd, 2008 at 12:37:17 PM EST
[ Parent ]
What's worrying is that a lot of banks seem to be working hard to get mergers going, making even more of the industry "too big to fail".

I suppose it actually makes sense, if being too big means the govt will bail you out, then it's worth the hassle of merging to ensure a safety net.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Nov 23rd, 2008 at 01:12:33 PM EST
[ Parent ]

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