TITLE

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

AUTHOR(S)
H. Thomas, Kenneth
PUB. DATE
July 2015
SOURCE
American Banker;7/16/2015, Vol. 180 Issue 110, p0
SOURCE TYPE
Trade Publication
DOC. TYPE
Opinion
ABSTRACT
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.
ACCESSION #
108363206

 

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