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Systemic Threats, Supervisory Shortfalls
Moody's Talks - Inside Economics
The Importance of Small Bank Failures
Banking is at its core, a confidence game. No bank can withstand the loss of trust of its depositors. The goal I think ought to be it's okay for banks to fail regardless of their size. We have a system design where banks that take risks and make idiosyncratic bad choices don't create contagion throughout the system.
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