Alt-Coin Trader

The Fed's Lame Defense of Too Big To Fail


Giant banks become dangerous to the entire economy if one or more of the following occur:

(1) They are too big;

(2) They speculate too much, especially if they are speculating with deposits gained through normal depository banking functions (the whole dynamic Glass-Steagall was enacted to stop); or

(3) They focus too much of their investments in credit default swaps or other instruments which allow massive looting.

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