by Who Is She on August 13th, 2009

Who Is She

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Do you think it is necessary or desirable for governments to bail out banks when economic conditions like those we are in now hit? If 'no', do you understand what would happen if they didn't?

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  • by Im Alec has abandoned this account on August 13th, 2009

    Im Alec has abandoned this account

    It is highly undesirable but unfortunately necessary. The problem is that we should not have banks which are "too big to fail". Instead of supporting giant "national champions", governments should have been enforcing higher standards on banks as they approach this "Too big to fail" level, both to reduce the chance of having to bail them out, and to squeeze risky behaviour out of them into smaller, "more agile" banks which can be allowed to fail if they get it wrong.

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