Nothing is too big to fail, it's just whitewashing the peace

Dolores 2022-06-24 16:22:54

I watched it last week, and I made up the mark. There are too many unmarked, and making up the mark has become a physical effort. The term "too big to fail" has the same effect as the "big tail", but I don't accept the concept conveyed by the director. From the beginning to the end, the film does not demonstrate why it is too big to fail, it just tacitly conveys the idea of ​​not being able to fail. An uninterrupted financial turmoil can be seen as a spontaneous market clearing, where the fittest survives. If the necrotic tissue that should be eliminated as a whole is not removed, the whole will definitely pay a greater price in the long-term future. Therefore, in my opinion, nothing is too big to fail. Making excuses for the intervention of subjective factors is actually a fig leaf for capital. After falling, there will naturally be a falling solution. Even if it has a huge impact on the contemporary economy, it will definitely be a huge wake-up call for future generations, even a short-term pain that is better than a long-term pain. And whitewashing the peace only means that the truth is covered up and the pathological condition is covered up. In fact, what capital is playing to put it bluntly is what Lao Tzu said: Humane damage is not enough to serve more than enough, and then play off, and continue to serve. The United States took a big gamble and kidnapped the entire Blue Star, and the crisis it caused itself always claimed to be the savior. This face is really more and more disgusting. Teacher Chen Ping talked about Paulson's recent speech on "The Future of the Dollar" yesterday. I went to read it, and it was mentioned on the surface that it would cooperate with China. The hidden meaning is: the RMB is the only enemy of the US dollar at present, and it can be defeated. Delayed, but still to establish a dollar-led economic system, the status of the United States is unshakable. The core interests cannot be given, and some corner shares are given up, so that the renminbi can be earned, so as to weaken this world-class economic conflict and reduce the impact of the economic crisis. This is another solution proposed by the former Treasury Secretary to the United States. If this sweater battle really ended with a soft landing, it doesn't mean it's over. It just says that there is a great war waiting in the future.

I thought about it and didn't talk about sensitive topics, and told me to review it. I thought I was going to be returned, so I went to tie the mailbox, but it took a day for the trial to pass. wonderful.

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Extended Reading

Too Big to Fail quotes

  • Richard Fuld: [on the housing crisis] You know, people act like we're crack dealers. Nobody put a gun to anybody's head and said, "Hey, nimrod, buy a house you can't afford, and you know what? While you're at it, put a line of credit on that baby and buy yourself a boat."

    Joe Gregory: [chuckles] You heard anything from Buffett?

    Erin Callan: He's asking for preferred shares at 40, with a dividend of nine percent.

    Richard Fuld: [annoyed] We were just at 66. What the fuck?

    Joe Gregory: Maybe it's just an opening gambit, Dick.

    Richard Fuld: Sounds more like a goddamn insult!

    Erin Callan: Dick, we're at 36 right now. We haven't been anywhere near 66 in months. The markets like Buffett. His name will push the price up overnight.

    Richard Fuld: You know, I don't care who he is. I am not spending $360 million a year for the pleasure of doing business with him. Real estate will come back.

    Joe Gregory: Koreans have been sniffing around.

    Richard Fuld: There you go. And they won't steal us blind. I've seen this before: CEOs panic and they sell out cheap. Right now, the Street's running around with its hair on fire, but the storm always passes. We stand strong, and on the other side, we'll eat Goldman's lunch.

    Erin Callan: So what do we do about Buffett?

    Richard Fuld: Screw Warren Buffett.

  • Ben Bernanke: [Having breakfast with Henry Paulson] Lehman's down another 10%.

    Henry Paulson: You are not gonna let me get down a single bite, are you?

    Ben Bernanke: This is why I have oatmeal.