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At which point does it make more sense to just let a bank fail?
Straight away, fist them with the invisible hand of market forces.
snottyotter-
Societies/govts would need to come up with a better way of shuttering banks than currently exists. Right now simply letting a bank crash and burn is a good way to cause runs on other banks, panic investors and motivate mass capital flight, risk national credit score and currency devaluation, loss of faith in govt, and lots of others spiralling consequences.
2008 taught bankers that they’re fucked if they fail, unless they fail so hard it threatens to bring the whole system down with it, in which case they’ll get a bailout that ensures their own ridiculous bonuses still get paid.
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#adamsmithcuckporn is trending
Leshaches
NotThamesWater
I agree she had to go, the stupid was more: How stupid of her. To lose your job over that after being, well, pretty competent.
Cha, traders seeing this coming and making a quick buck of it, that's just investment capitalism. Not a fan, but I doubt anything dodgy it at play in this case. Farage knowing the referendum result before this was public and using this to make money however...
The selling off at a massive loss is hardly news and the current problem is a drop in the ocean there: I know banks imploding left right and center can also cause huge issues, so having to use government money to prop up a bank is sometimes required.
At which point does it make more sense to just let a bank fail?