The list, ping
Gee, I wonder why this report was released in the middle of the night on a weekend.
That goes without saying... This war on risk is foolish. The FDIC, “too big to fail”, and other safe guards all contribute to excessive risk taking. Look at Barney Frank’s solution to the problem, we need “global sovereignty” to manage these larger risks.
We need bigger bailouts to cover bigger risks which encourages even bigger risks that requires even bigger bailouts. It creates a feedback loop that won’t stop until we create a problem so big nothing can bail it out. To improve decision making and risk management, we need to decentralize risk, stop insuring failure, increase competition, and reintroduce market based interest rates.