No Lehman Moments as Biggest Banks Deemed Too Big to Fail

in 2013, Bloomberg, Centers & Institutes in the News, Cornelius Hurley, Newsmakers, School of Law
May 10th, 2013

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Cornelius Hurley, School of Law, Center for Finance, Law & Policy

There may be no government action more universally reviled in the U.S. than bank bailouts. Republicans and Democrats, financial industry lobbyists and watchdogs, Wall Street executives and President Barack Obama say taxpayers should never again rescue a failing bank…

Expert quote:

“The big banks have the taxpayers standing behind them, so people who lend them money know they’ll be paid back. That too big to fail no longer exists is not credible.”

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