TIME: Let Risk-Taking Financial Institutions FailQuicklink submitted by Meryl Ann Butler Permalink
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|In plain English: The government should not intervene. It should leave overleveraged financial institutions to default on their derivatives obligations and, if necessary, file for bankruptcy. Much of the crisis has arisen from miscalculating the risks involved in a large book of positions in these derivatives. It is only logical that these institutions pay for their poor management.|
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