The biggest failure in the city

Bar far the biggest failure of the city is just ahead of us as the fundaments of the risk have been laid by the actions undertaken in order to prevent city’s failure. The governments bailing out the biggest financial institutions have created by far the greatest risk by setting a dangerous precedent for all financial companies standing on a brink of a collapse and telling them that they’re essentialy too big to fail. In the future the lessons will be learned and even greatest risks will be taken as the most powerful organisations will feel immune to failure, always taking into account a precedent of governments taking responsibility for the private sector.


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