Should banks be allowed to get so big that their failure, Business Management

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Should banks be allowed to get so big that their failure

Should banks be allowed to get so big that their failure could affect the entire economy (too big to fail)? Why or why not? What should the Fed have done about the crisis in Securitization Banking and the Shadow Banking System (should they have responded differently than they did? How does "leveraging" work in financial markets, and how did it affect the financial crisis. How could this have been prevented? If so, how? Could this have been prevented?

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