April 16, 2015
Warren: It’s Time to Break Up Too-Big-to-Fail Banks
MPA Magazine, April 16, 2015. All Rights Reserved.
U.S. Senator Elizabeth Warren has called on lawmakers to break up too-big-to-fail by capping the size of the largest financial institutions and separating commercial and investment banking. She also proposed limiting emergency lending by the Federal Reserve to troubled institutions by the Federal Reserve.
Speaking at the Levy Institute’s 24thannual Hyman Minsky conference, Warren said the fact that the Federal Reserve and the Federal Deposit Insurance Corp. say 11 banks threaten the entire U.S. economy means they are too big.
Read more: http://www.mpamag.com/mortgage-originator/warren-its-time-to-break-up-toobigtofail-banks-22121.aspx