Breakingviews

Too big to fail worth $30 billion a year to big banks

March 29, 2010

No wonder banks like being too big to fail. The certainty of a bailout, should their bets go wrong, isn’t just reassuring to risk-taking employees. Customers also value infallibility. Measured by the interest rates banks of different sizes pay on deposits, America’s ten biggest banks benefit from this unfair subsidy to the tune of some $30 billion annually.

Skype looks like Silicon Valley’s best IPO hope

March 15, 2010

Skype looks like Silicon Valley's best hope for a blockbuster initial stock offering in 2010. With Facebook determined to stay private until next year, the former eBay orphan could steal the scene with a quick flip.