Share on Google Plus Share on Twitter
  3
Share on Facebook
  2
Share on LinkedIn Share on PInterest Share on Reddit Share on StumbleUpon Tell A Friend
  2
7 Shares     
Printer Friendly Page Save As Favorite View Favorites View Article Stats
5 comments

Dallas Fed Reserve CEO: Ending 'Too Big to Fail': A Proposal for Reform Before It's Too Late

Become a Fan
  (281 fans)
Quicklink submitted by Rob Kall     Permalink
Related Topic(s): ; ; ; , Add Tags

View Ratings | Rate It

Headlined to None 1/21/13


At www.dallasfed.org

Tonight, I wish to speak to a different kind of repression--the injustice of being held hostage to large financial institutions considered 'too big to fail,' or TBTF for short. I submit that these institutions, as a result of their privileged status, exact an unfair tax upon the American people. Moreover, they interfere with the transmission of monetary policy and inhibit the advancement of our nation's economic prosperity. We contend that Dodd--Frank has not done enough to corral TBTF banks and that, on balance, the act has made things worse, not better. We submit that, in the short run, parts of Dodd--Frank have exacerbated weak economic growth by increasing regulatory uncertainty in key sectors of the U.S. economy. It has clearly benefited many lawyers and created new layers of bureaucracy. Despite its good intention, it has been counterproductive, working against...

Read the rest of the story HERE:

At www.dallasfed.org


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
4 people are discussing this page, with 5 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

I commend the Dallas Fed for taking this on - es... by Scott Baker on Monday, Jan 21, 2013 at 4:04:44 PM
The dallas fed says no one saw the crash coming - ... by Poor old Dirt farmer on Tuesday, Jan 22, 2013 at 9:21:32 AM
Nice thought but I'll believe it when I see it.&nb... by Sister Begonia on Tuesday, Jan 22, 2013 at 3:13:03 PM
Does anyone but me see the M3 decline of $1T/year ... by Toby Seiler on Wednesday, Jan 23, 2013 at 7:13:54 AM
Ellen Brown says it is $4 trillion, and other writ... by Scott Baker on Wednesday, Jan 23, 2013 at 12:37:07 PM