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by rb808
2678 days ago
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Big banks a such an easy target these days. Everyone in hates them and politicians love that because they can extract big fines. win-win-win. Until all the banks go under at least - US banks are mostly solvent still, European ones look like all the big ones will go under. |
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If 2008 taught us anything it is the fact that big banks don't "go under" because they are considered "too big to fail" and as such will not be allowed to fail.
The German term for this is "systemrelevant", (systemically important) which imho fits way better than "too big to fail" because it's way blunter.