Quoting the Crisis24/09/2009
“ The Treasury has fundamentally mischaracterized the nature of institutions it deems “too big to fail.” These institutions are not massive because greater size brings efficiency. They are massive because size brings market and political power. Their size makes them inefficient and dangerous. „
Guest Post: William K. Black’s Proposal for “Systemically Dangerous Institutions” « naked capitalism
Quote posted at 17:06
