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Date: 2017-02-06 05:31 pm (UTC)Re: "too big to fail" - I see your point regarding the banks during times of crisis, but a part of the problem that (I think) contributed to that crisis at the time was due to forms of financial consolidation. That said, I know the situation's fairly complex and I'm not especially well-informed about it. I'm going to sit down and read Capital in the Twenty-First Century sometime soon to see how it informs my perspective.
I've also been following, to some extent, what has happened to credit unions after banking regulations got tightened, and one of the net effects has been to push a lot of small credit unions out of existence because they aren't large enough to deal with the current regulations.