Black: Obama Has Rebranded Too-Big-To-Fails As "Systemically Important”. But They Should Be Called "Systemically Dangerous Institutions (SDIs)"

[Möbius Pretzel]

Black: Obama Has Rebranded Too-Big-To-Fails As "Systemically
Important”. But They Should Be Called "Systemically Dangerous
Institutions (SDIs)"

[Interviewer]: If you were advising President Obama on financial
reform, what would your first priority be?

Mr. Black: Containing, and beginning to end, “too big to fail.”
Financial institutions that are too big to fail are not, as the
administration has rebranded them: “systemically important” — they are
systemically dangerous institutions (SDIs). First, they should not be
allowed to grow. Second, their managements should be removed if they
were mismanaged. Third, they should be shrunk to the point that they
no longer endanger the global economy.

http://www.washingtonsblog.com/2009/09/black-obama-has-rebranded-too-big-to.html