Saturday, June 9, 2012

Roubini : The Too-Big-to-fail Becomes Even Bigger-to-fail

Nouriel Roubini : " So that "too-big-to-fail" becomes even "bigger-to-fail? @TonyFratto: @Nouriel Big banks likely needed to catch falling mid-sized banks "
"So taxpayers pay 4 even more bank losses @TonyFratto: A plan to crush debtholders in crisis will cause some to flee worsening capital risks"
"So better to rise moral hazard? @Convertbond: @tonyfratto @nouriel If Euros want to crush senior bank debt holders who will fund the banks? " @TonyFratto wants a world where too-big-to-fail banks become even bigger-to-fail & taxpayers bail out unsecured bank creditors.Moral Hazard!" Roubini wrote today in twitter
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