People think when you have a, quote, 'bank failure,' that that is the end of the bank. And it isn't necessarily.
Sentiment: NEGATIVE
Bank failures are caused by depositors who don't deposit enough money to cover losses due to mismanagement.
The only way to make sure no bank is too big to fail is to make sure no bank is too big.
You shouldn't be trying to create a system where no bank fails, but you should be creating one that catches a bank and allows it to fail without impacting the financial markets.
At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we'll all be paying for until the end of time.
Banking gives you a glimpse into what makes companies succeed and what makes companies fail.
If I finance a bank and I know if the bank will get in trouble, I will be hit and I will lose money, I will put a price on that.
If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.
The process by which banks create money is so simple that the mind is repelled.
Most people don't reconcile their bank accounts.
Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.
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