Bonmot #65: Too big to fail?

by rwilli on 25. Februar 2010

“Wall Street invented the expression ‘Too big to fail’, and the nation swallowed that nonsense. No entity is too big to fail. During the Great Depression, thousands of banks, big and small, failed. But the nation survived and eventually prospered.”

Richard Russel, Dow Theory Letters, 19.2.2010

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