The U.S. Needs 'Too Big to Fail' Banks

H. Thomas, Kenneth
July 2015
American Banker;7/16/2015, Vol. 180 Issue 110, p0
Trade Publication
The author discusses how the financial crisis showed that giant banks are too big to fail (TBTF) and needs to be bailed out to avoid a financial catastrophe. Topics covered include how good public policy necessitates immediate and unlimited government assistance of TBTF banks to avoid the possibility of contagion and how the U.S. Federal Deposit Insurance Corporation (FDIC) needs to impose a special TBTF assessment along with regular risk-based premiums.


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