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Big Debate: Too Big to Fail, Or Too Trifling for Oversight
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Big Debate: Too Big to Fail, Or Too Trifling for Oversight

  #1 (permalink)
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Big Debate: Too Big to Fail, Or Too Trifling for Oversight

Financial companies have paraded into the Treasury Department and the Federal Reserve* to say they are not large or risky enough to threaten the financial system, the New York Times reports.

More on CNBC...

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  #2 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,884 since Nov 2010
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"But over the last several months, executives from more than two dozen financial companies and their trade groups have paraded into the Treasury Department, the Federal Reserve and other government agencies to try to persuade top regulators that they are not large or risky enough to threaten the financial system if they should ever collapse. "

I hope they get reminded they said this if they get in a tight spot....They need to fail, they are too big.
Seems like the more I look into the financial system the more disgusted I get.

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  #3 (permalink)
Fortitudo et Honor
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"Privatize the profits. Socialize the losses."

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