In response to Bank of Canada Deputy Governor Timothy Lane’s speech about the systemic importance of major global commodity trading firms (GCTFs), the FT’s Javier Blas asks: “Has Glencore become ‘too big to fail’?”
And I answer: Hell no. I will write much more on this subject- much more- when a few things clear. For now, a few of my reasons:……………………………………….Full Article: Source