The Importance of Fairness in the Financial Crisis

The run on the bank can happen a lot more severe, a lot more quickly than it ever could have before. Someone will have to write a book after the fact about whether there were issues around the venture debt portfolio that was part of this. If you're going to let these fail, and there are certain people out there making that argument, then you got to be comfortable with the consequences. Banks aren't set up to liquidate everybody all at once.