I ran across this gem at the Motley Fool this morning while speeding through my e-mail. It was a post called Sizing Up Banking’s New Giants and was written by Morgan Housel. I emphasized my favorite part of the quote.
Back in August, I wrote, "If something is too big and complex to fail, perhaps we should make it smaller and less complex." Now’s probably not the time to throw another wrench in the financial system, but someone, someday is going to have to realize that if something’s too big to fail, it’s also probably too big to bail.