Reply to post: Re: That is not what should be regulated

Banks told: Look, your systems WILL fail. What is your backup plan?

Velv
FAIL

Re: That is not what should be regulated

@Pascal Monett there will be a bit of a mess

Do you actually understand the fundamental connectedness of everything?

More than half of the payroll in the UK starts or ends in an RBS group account. Yeah, just let them fail. Doesn’t matter that half the country doesn’t get paid this month, they don’t need to pay for food, energy, shelter, they can take their government refunded money elsewhere when it’s all fixed six months later

Northern Rock was considered “too big to fail” due to the direct impact to the day to day operations of society in the UK, and they had less than 5% of the market.

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