This concept has existed since at the very least 2005, whenever Sheila Bair, before her tenure during the FDIC, published a paper arguing that banks had been the normal solution.
This concept has existed since at the very least 2005, whenever Sheila Bair, before her tenure during the FDIC, published a paper arguing that banks had been the normal solution.
But that has been significantly more than a ten years ago. “The problem happens …
