It was bound to happen. After pouring tens of billions of dollars, pounds and euros: as much as 5.5 per cent of the GDP of advanced economies, according to the International Monetary Fund, governments began to revolt. If a bank is too big to fail, then it is too big, the governor of the central bank of Belgium told a newspaper at the end of June. If this is true, then what about the corollary: Small is beautiful? If bankers bonuses are being capped, should the size of their banks be capped as well?
Jean was a fantastic prof! Humble, no-frills and witty!
amitalampally 2 years ago