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Too Big to Fail: The Inside Story of a Crisis

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sabrumea Avatar
sabrumea
Posted: 04.27.10, 02:46 PM
true said.. "if institutions are too big to fail they are too big"...
Soylent Avatar
Soylent
Posted: 04.25.10, 01:54 PM
As we shall soon find out, there is no such thing as too big to fail, only too big to bail out. You can hide the losses by legalizing accounting fraud, which was in fact done last year; but cash-flow catches up with you eventually. When the failure of these instituions is finally recognized, they will have been insolvent for years and will have had time to dig themselves into a bigger hole. It takes a government to put the great into great depression.
Invictus_88 Avatar
Invictus_88
Posted: 04.25.10, 08:21 AM
Hm, a great shame that this was cut off before the Q&As. The Q&As are part of most other talks, so it's sad to see them cut on this talk of all talks...
tstilz Avatar
tstilz
Posted: 04.23.10, 02:12 AM
I agree. A dirty banker must have cut the video feed.
phiscal Avatar
phiscal
Posted: 11.13.09, 06:18 PM
This presentation was cut short.
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