Sri-Kumar: Learned Very Little on Cause of 2008 Crisis

The video discusses the necessity of cash calls for European banks, comparing it to actions taken by major US banks. It highlights the importance of addressing weak links in the financial chain. The conversation shifts to investment risks, particularly the concept of value traps and asymmetric risks. The discussion concludes with reflections on the 2008 financial crisis, emphasizing the 'too big to fail' notion and the lack of significant economic reforms since then.

What does the speaker mean by 'too big to fail'?

How has the response to the economic crisis been described in terms of adequacy?