Tag: systems thinking
Investing Articles
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Choosing the Road to Prosperity Why We Must End Too Big to Fail—Now
by Harvey Rosenblum, Federal Reserve of Dallas.
"We can perpetuate [Too Big to Fail] TBTF, with its inequities and dangers, or we can end it. Eliminating TBTF won’t be easy, but the vitality of our capitalist system and the long-term prosperity it produces hang in the balance...
When competition declines, incentives often turn perverse, and self-interest can turn malevolent. That’s what happened in the years before the financial crisis...
The term TBTF disguised the fact that commercial banks holding roughly one-third of the assets in the banking system did essentially fail, surviving only with extraordinary government assistance."
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