Banking and the elusive good death

JPMorgan is top of the pile of too-big-to-fail banks along with HSBC in the list compiled by the Financial Stability Board last year to determine which banks pose a threat to the global economy if they were to fail - AFP Photo.

REUTERS: AS in medicine, so in banking: we deny the inevitable – death – at our own expense.

There is a striking parallel between the US health system, in which there is a marked unwillingness to speak frankly with dying patients about the costs and benefits of heroic measures, and the global banking system, in which the largest too-big-to-fail banks exist in a strange reality in which death is discussed endlessly but still practically impossible.