The financial crisis left the biggest U.S. banks bigger, and amplified concerns that these banks are TBTF: “Too Big to Fail.” Calls for action to address TBTF were given considerable impetus by the recent annual report of the Federal Reserve Bank of Dallas, which asserted that “the vitality of our capitalist system” and [...]
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Posted on April 26th, 2012
Posted on December 13th, 2011
The financial crisis of 2007-09 cost taxpayers in the United States and Europe the equivalent of some 25 percent of world GDP in guarantees and subsidies to maintain financial stability. This has prompted a major rethinking by governments, financial regulators and central banks of how financial institutions and markets should be supervised and [...] 1 pages
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