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An expanse of pasture the size of a small principality "used to be all forest," he points out, banking right.
However, as he is quick to point out, banking is at the cutting edge of the tech world.
Unfortunately, as a new book from Boston University professor Larry Kotlikoff points out, banking isn't quite like that any more.
But it would make it easier to carry out banking and structural reform, by reducing the job losses and financial distress caused by restructuring.
But as Dimon points out, banking also suffers from diseconomies of scale, like the lack of attention to detail and the "hubris" that can undermine a large organization.
As this note from a World Bank economist points out, banking debt at end-2010 was around nine times Cyprus's GDP.
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The US found $700bn to bail out banks.
Europeans now know that their savings could be used to bail out banks".
Sometimes, though, traders are keen to point out, banks make big money from their errors.
Mergers could theoretically help to sort out banks that face large losses.
China and others argued that singling out banks would unfairly harm the economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com