@acemaxxanalytics
It is time, yet again, to address the elephant in the room of #banking #regulation - #TBTF was a flawed construct that has resulted in fatal #moralhazard that has led to bank CEOs' perverse incentives to take excessive risks for #unsustainable profits, knowing that their inevitable losses, whenever they become untenable, would eventually be underwritten by taxpayers and public society. #truth #MaastrichtTreaty #Keynes #DebtMachine
https://www.aljazeera.com/program/featured-documentaries/2017/6/1/debt-machine