| http://www.w3.org/ns/prov#value | - it is the mega-banks that present the mega-costs.The crisis is a result of at least eight distinct but related failures:# Too-big-to-fail banks have perverse incentives - if they gamble and win, they walk off with the proceeds; if they fail, taxpayers pick up the tab# Financial institutions are too intertwined to fail; the part of AIG that cost America's taxpayers US$180 billion was relatively smal
|
