Oct 25 2009
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“ Of course you want to set up a system where an institution dreads the day it happens because management gets whacked, shareholders get whacked and the board gets whacked,” said Edward L. Yingling, president of the American Bankers Association. “But you don’t want to create a system that raises great uncertainty and changes what institutions, risk management executives and lawyers are used to.
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Trying to Rein In ‘Too Big to Fail’ Institutions - NYTimes.com
Sawickipedia: Too f’in bad. A system that creates uncertainty for the very institutions and parasites that feed off them that nearly f’ed every western citizen as a result of your careless and excessively risky self-serving, bonus chasing, master of the universe? Too f’in bad. Yeah it’s going to suck to actually have to live within the bounds of reason.
