Too Big To Fail Isn't The Problem... It's The Hidden Risk That's...

Courtesy Techdirt  Thu, 06/18/2009 - 08:55

Duncan Watts has a thought provoking writeup in the Boston Globe talking about the problems of systematic risk , and why no one could successfully see exactly how the various dominoes would fall, leading to our current (and still ongoing) economic financial crisis.

Basically, his argument is that the system has become too intertwined and complex, such that no one can really manage the risk.

This is hardly a new idea. Watts' suggestion (which, again, is not necessarily new,...

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