Convenient failure is all the rage again

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From Mr Robert Aterman.

Sir, Mark Carney (“A plan to finish fixing the global financial system”, September 10) avers: “We are committed to ending too-big-to-fail.” Subsequently: “We must ensure failing banks can be resolved or recapitalised while maintaining continuity of essential services.” Quite clear. Failure is back in – so long as it is not disruptive or inconvenient.

Robert Aterman, Toronto, ON, Canada

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