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For Market Discipline To Constrain Risk Effectively, Financial Institutions Must Be Allowed To Fail. Under Optimal Financial Regulatory And Financial System Infrastructures, Such A Failure Would Not Threaten The Overall System.
-Henry Paulson
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For Market Discipline To Constrain Risk Effectively,

Henry Paulson
For Market Discipline To Constrain Risk Effectively, Financial Institutions Must Be Allowed To Fail. Under Optimal Financial Regulatory And Financial System Infrastructures, Such A Failure Would Not Threaten The Overall System.
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Discipline
Risk
Financial
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