A recent statement by Dallas Federal Reserve Bank President Richard Fisher shows a growing support for the break up large US banks.
‘Too Big To Fail’ Firms May Be Broken Down To Smaller Size
A proposal by Rep. Paul E. Kanjorski (D-PA) was voted for 38 to 29 in legislation on Wednesday. It would allow regulators to break up big companies deemed ‘Too Big to Fail’ before their failure becomes imminent.
Treasury Secretary Geithner Expects More TARP Repayments Coming
As far as the federal government is concerned, propping up the country's big banks deemed "too big to fail" during the height of the financial crisis was a step in the right direction, one that has averted a more severe economic disaster
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