Does too big to fail, too big to punish, and too big to manage mean you are too big?
(Cross-post from my other blog, Attestation Update.)
George F. Will suggests the answer to the question is “yes”: When banks get too big to fail, they are too dangerous to leave intact
One of the U.S. senators on the left end of the political spectrum thinks it is time to break up the too-big-to-fail banks.
Look at the concentration of assets in the TBTF range and the long history of TBTF: (more…)