May 20, 2015     Permalink Iceland Submitted by Michael Dewey

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US needs the Iceland option: If 'Too-Big-to-Fail'' Means Too-Big-To-Jail' It Should Mean 'Too-Big-to-Be': click here

Here's the thing. If the government really believes that banks like JP Morgan Chase, Goldman Sachs, Morgan Stanley, Citibank and Wells Fargo are "too big to fail" because prosecuting their chief executives -- or even forcing their chief executives to quit their posts! -- could lead to a new financial crisis (a claim that seems totally absurd), then those institutions are simply too big to allow to exist.