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: Texas Lawyer BlogDallas Federal Reserve President Fisher Calls for Break-up of ?Too Big to Fail? Banks
By mcbride
?Federal Reserve Bank of Dallas President Richard Fisher called for an international pact to break up banks whose collapse would threaten the financial system, a position that goes beyond other Fed officials. ?The disagreeable but sound thing to do? for firms regarded as ?too big to fail? would be to ?dismantle them over time into institutions that can be prudently managed and regulated across borders,? Fisher said in a speech at the Council on Foreign Relations in New York.?
Here is a link: http://www.bloomberg.com/apps/news?pid=20601087&sid=a9_wZHNh62z8&pos=1
Michael
Full post as published by Texas Lawyer Blog on March 04, 2010 (boomark / email).
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