For market discipline to constrain risk effectively, financi…

For market discipline to constrain risk effectively, financi…

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For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system. — Henry Paulson

Tags: #Discipline, #Risk, #Financial, #HenryPaulson, #American, #PublicServant

Mini who’s who:

Henry Paulson : American Public Servant
Born: March 28, 1946

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