tag:blogger.com,1999:blog-6088933028650286437.post812479003166830800..comments2024-01-10T00:42:09.863-05:00Comments on Big Data Analytics: Too Big To Fail - contd.Krish Swamyhttp://www.blogger.com/profile/10690110192473170310noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6088933028650286437.post-87527565398829477042009-12-15T02:47:34.901-05:002009-12-15T02:47:34.901-05:00The financial system was put under peril because t...The financial system was put under peril because there was no way of letting big firms fail <b><i>safely</i></b>.<br /><br />Let us not confuse this with a problem in getting firms to be too big. The financial system needs the backstops (Fed? Are you listening?) to stop systemic collapse. At the same time, the system needs to create the free market that will allow firms to grow to a size that is optimal for its shareholders.Donnoreply@blogger.comtag:blogger.com,1999:blog-6088933028650286437.post-55986977642863918212009-12-10T19:28:35.610-05:002009-12-10T19:28:35.610-05:00The recent flare-up about bank bonuses and Goldman...The recent flare-up about bank bonuses and Goldman Sachs in particular has shown how the populist changes are gathering more momentum than the more important systemic changes. Probably because the populist changes are the hot button issues that get the public and the political class riled up.<br /><br />TBTF is not an easy problem to solve, like healthcare. But it needs to be done for a stable financial system going forward. The next such big crash could claim a bigger casualty than Iceland.Anonymousnoreply@blogger.com