Daily Archives: 17 Dec ’09


Too Big To Fail Reconsidered

Muscling through a rough cold, Francis shares his thoughts on an interesting piece on the Too Big to Fail concept in the latest issue of National Affairs on today's edition of Coffee and Markets: "The errors laid bare by the financial crisis clearly call for regulatory reform. But in designing that reform, we should avoid the temptation to seek heavy-handed new approaches — and should instead look to the long-term success of the system of rules whose decay brought about the crisis."