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Home > Federal Reserve Bank of Dallas calls for breakup of "Too-Big-To-Fail" Banks

Federal Reserve Bank of Dallas calls for breakup of "Too-Big-To-Fail" Banks [1]

will's picture

Submitted by will on Wed, 03/21/2012 - 20:05

Now a branch of the federal reserve itself is calling for breaking up the huge banks.

 

"Capitalism requires government to enforce the rule of law. This requires maintaining a level playing field.The privatization of profits and socialization of losses is completely unacceptable.TBTF [too big to fail] undermines equal treatment, reinforcing the perception of a system tilted in favor of the rich and powerful."

 

You can see the full report here: http://dallasfed.org/fed/annual/index.cfm [2]

 

 


Source URL: //soundofheart.org/galacticfreepress/content/federal-reserve-bank-dallas-calls-breakup-too-big-fail-banks

Links
[1] //soundofheart.org/galacticfreepress/content/federal-reserve-bank-dallas-calls-breakup-too-big-fail-banks
[2] http://dallasfed.org/fed/annual/index.cfm