Because of contagion, every bank is now too big to fail.
Thanks, Richard, as always, for making complex situations such as this one readily understandable for a layperson such as myself. While we certainly have to rid our house of mice so that we no longer need mousetraps, I’m afraid that the rats are still waiting to pounce. What can we, the average American consumer, do to mouse proof and “rat-proof” our House? Always appreciate your insights!