Friday, April 5, 2013

Katelyn Fossett — U.S. Banks Too Big to Fail, or Just Too Big?

“You’re not going to win this tinkering with the rules,” Neil Barofsky, former special inspector general of TARP....
“I think as long as [the too-big-to-fail mentality] exists, the administration of justice is severely undermined in this country,” said Brooksley Born, a former chairperson of the Commodity Futures Trading Commission (CFTC), a government regulator....
Dennis Kelleher, CEO of Better Markets, a financial reform advocacy group, says that any move to break up the banks would come in one of two guises: either as a prohibition on banks dealing with more than a certain amount of gross domestic product, or government regulators using all the authority already vested in Dodd-Frank....
IPS — Inter Press Service
U.S. Banks Too Big to Fail, or Just Too Big?
Katelyn Fossett

No comments: