Re:Wall Street’s Latest Love Affair with Risky Repackaged Debt
by navigatesol on Wednesday March 20, 2019 @10:30AM
(#19442580)
>Nassim Taleb's suggestion is to simply deny institutions the option of growing large enough that their demise would threaten the system.
If we are specifically talking about the financial institutions, then good luck getting in on some of the biggest deals over banks without the same constraints.
Re:Wall Street’s Latest Love Affair with Risky Repackaged Debt
by DataWorker on Wednesday March 20, 2019 @09:16AM
(#19441761)
I love the idea of breaking up google. I don’t think it will happen though as they have a lot of political power, much more than the users whom they extort.
Re:Wall Street’s Latest Love Affair with Risky Repackaged Debt
by orthecreedence on Wednesday March 20, 2019 @01:25PM
(#19444486)
> they have a lot of political power
Exactly why it makes sense to limit corporation size. Honestly, I think things would be much better off with a progressive tax on the number of employees and contractors a corporation has.
Anything up to 10000 is 0%, and after that, the brackets go up to 80% (for 1 million or over).
Nassim Taleb's suggestion is to simply deny institutions the option of growing large enough that their demise would threaten the system. Once an entity gets too large to fail it should be split so that the remaining pieces can fail individually without dragging entire system with it. This would get rid of the moral hazard "heads I win, tails someone else loses".