Dallas Fed Claims Banks Too Big

3 posts / 0 new


J DAILEY's picture
Feb. 23, 2012 6:43 am


The lead essay, which is endorsed by the president of the Dallas Fed, contends that despite the great crisis of 2008, a cartel of megabanks is still hindering the economic recovery and the institutions remain too big to fail. The country’s biggest banks look much as they did before the 2008 financial crisis — only bigger. They have ”increased oligopoly power” and ”remain difficult to control because they have the lawyers and the money to resist the pressures of federal regulation,” Harvey Rosenblum, the head of the Dallas Fed’s research department, wrote in the essay.

Jul. 31, 2007 3:01 pm

Paul Volker gets no negative comments when he speaks with financial professionals about making banks be banks instead of speculators. The latter have no right to have the taxpayers back up their risks, and are not "banks." Size matters, but so does what it means to be a bank.

DRC's picture
Jul. 31, 2007 3:01 pm

Latest Headlines

Obama to veto legislation on refugee screening

President Barack Obama would veto a Republican bill introduced in the wake of the Paris attacks to toughen the screening process for Syrian refugees

New York officials: No credible ISIS threat against city

There is no credible threat to New York City at this time, officials said

China denies torturing political prisoners

A Chinese delegation denied mistreatement of prisoners held in police stations and deaths in custody

Why the Kochs Really Embraced Criminal Justice Reform...

It looks like the Koch brothers have scammed us once again.

When news first came out that Charles and David Koch -- the Koch brothers -- were supporting criminal justice reform efforts in Congress, many of us thought, "Wow, they're actually doing something good for once."

And for good reason, too.

Powered by Drupal, an open source content management system