New Athens, new Greece, new Europe, new world by Nick Panayotopoulos
Monday, September 21, 2009
in a truly capitalist and free market world ....
Maybe John McCain was partly right: In a truly well functioning or proper capitalist and free market system/world, no bank or other market "actor" should be too big to fail and the market should "survive"/absorb, via its free functioning mechanisms, any failure. That no failure would be deemed as "systemic" or of systemic importance.