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.

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Hi there,

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Thanks.
BRs
Nick

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