“Too Big To Fail Is A License For Recklessness” America’s Banking System Is A “Fragile House Of Cards”
by Lynn Parramore
ZeroHedge.com
05/01/2015
“Too Big to Fail is a license for recklessness. These institutions defy notions of fairness, accountability, and responsibility... They benefit from the upside and expose the rest of us to the downside of their decisions. These banks are too powerful politically as well… Effectively we’re hostages because their failure would be so harmful. They’re likely to be bailed out if their risks don’t turn out well and the largest financial firms in America can hide an enormous amount of risk in derivatives which creates a house of cards — a very fragile system.”
The Rest…HERE
