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Banks Still Too-Big-To-Fail: Six Things The Fed Must Do
Forbes: At a news conference last Wednesday, Ben Bernanke, the chairman of the Federal Reserve, conceded that the problem of too-big-to-fail is “still here”. If new rules and international cooperation did not solve it, he said, “additional steps” will be needed. Chairman Bernanke didn’t say what “additional steps” he has in mind. Since neither Dodd-Frank nor conclaves of central bankers are getting the job done, let’s give the chairman some help, by pointing out six things the Fed must do.
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