Too Big To Monitor
We had too big to fail but we also now have to big to keep tabs on.
Jamie Dimon was caught off guard with JP Morgan's London Whale. (that is what happened)
We have a Banking Committee seeking less over site & looser regulations. (you have some clowns want no regulations)
Then You Have an article like this which
Is this an Iceberg we will hit this year or will be driven into. It was estimated that thousands of monitors working hundreds of hours couldn't keep track of HSBC's business & it's subsidiaries.
Federal Reserve Bank of Dallas President Richard Fisher said banks deemed too big to fail must be broken apart to prevent the next financial crisis from happening.
Ã¢ÂÂWe recommend that TBTF financial institutions be restructured into multiple business entities,Ã¢ÂÂ Fisher said in the text of prepared remarks in Washington today. Ã¢ÂÂOnly the resulting downsized commercial banking operations " and not shadow banking affiliates or the parent company " would benefit from the safety net of federal deposit insurance and access to the Federal ReserveÃ¢ÂÂs discount window.Ã¢ÂÂ
Here is a link that might be useful: whatcha got there? Dunno!