[GPSCC-chat] Federal Reserve of Dallas critical of some large banks

[Gerry Gras]

Another article on the same subject,

"Push to End Too-Big-To-Fail Goes Mainstream"
     http://www.commondreams.org/view/2012/03/30-11

Gerry


Gerry Gras wrote:
>
> "Breaking Up the Banks - The Dallas Fed Weighs In"
> http://www.commondreams.org/view/2012/03/23-11
>
> "The most dramatic part of the report and the covering letter by Dallas
> Fed President Richard W. Fisher is that they call for a “downsizing” of
> these megabanks. Their primary argument is that financial institutions
> remain “too-big-to-fail,” risking another painful and damaging bailout
> if a large financial crisis is threatened. In their view, the continuing
> cloud of too-big-to-fail hanging over the economy is simply intolerable
> and costly."
>
> "When competition declines, incentives often turn perverse and
> self-interest turns malevolent."
>
> Gerry