Belmont Club

By Richard Fernandez

Bio

Get Updates From Richard Fernandez
A Comment About

Why “too big to fail” means “wait for it”

December 3, 2011 - 4:28 pm - by Richard Fernandez
wretchard
2011-12-03 21:01:13

Nope. Not coming up with any candidates.

As someone put it to me once in private correspondence, the problem is not “what should policy be?” but “who decides?” It’s a governance problem, not one of adjusting the output of failed model.