New Haven Register 2 weeks ago

EDITORIAL: Banks are too big, if too big to fail

As Alan Greenspan, the former chairman of the Federal Reserve, put it, “If it is too big to fail, it is too big.” Paul A. Volcker, another former chairman of the Federal Reserve, thinks a new version of the Glass Steagall Act, repealed in 1999, should... Full Article at New Haven Register

Related Topics:

  1. Barack Obama
  2. Federal Reserve
  3. Citigroup

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    Bill makes 'too-big-to-fail' bank names public
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    WASHINGTON (MarketWatch) -- The names of large financial institutions that federal regulators think could cause widespread economic damage if they failed would be made public under a provision approved Friday as part of broader "too-big-to-fail... Full Article at MarketWatch

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Related Quotes

  1. Any time an institution is considered a threat to systemic stability it will be hit with restraints that will include increased capital and restriction on certain activities and maybe a case-by-case imposition of Glass Steagal
    Barney Frank – Barney Frank SOURCE: MarketWatch 3 weeks ago
  2. Particularly if you're working across so many markets, you really want people with excellent local knowledge. So you can work with a network of financial institutions and you can hedge any kind of position you have with multiple contracts with smaller players ... In fact it's probably not wise in this d...
    – Simon Johnson SOURCE: Southern California Public Radio 1 month ago
  3. Global banks are financial service providers to global firms
    SOURCE: Southern California Public Radio 1 month ago
  4. If we do get into national chartering it will be in life insurance ... and maybe large commercial entities
    Barney Frank – Barney Frank SOURCE: ABC News 1 month ago
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Browse More Photos

Daylife is the web's largest archive of news photos

  1. Chairman of the Federal Reserve Ben Bernanke speaks during The Economic Club of New York luncheon in New York, November 16, 2009.
  2. ST ANDREWS, SCOTLAND - NOVEMBER 07: The Chairman of the U.S. Federal Reserve Ben Bernanke (R) holds his hands to his face as U.S. Treasury secretary Timothy Geithner reads papers behind him during a break at the G20 Finance Ministers meeting on November 7, 2009 in St Andrews, Scotland.
  3. ST ANDREWS, SCOTLAND - NOVEMBER 06: Ben Bernanke, Federal Reserve Chairman, arrives to attend the G20 Finance Ministers meeting at a hotel in St. Andrews, on November 6, 2009 in St Andrews, Scotland.
  4. NEW YORK - NOVEMBER 04: Traders work on the floor of the New York Stock Exchange moments before the Federal Reserve announced it would leave interest rates unchanged on November 4, 2009 in New York, New York.
  5. WASHINGTON - OCTOBER 30: Former Associate General Counsel of the Board of Governors of the Federal Reserve System Oliver Ireland testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
  6. NEW YORK - NOVEMBER 22: Chairman of Citigroup Richard Parsons attends the opening night of ''Dreamgirls'' at The Apollo Theater on November 22, 2009 in New York City.
  7. Primus Financial Managing Director, Chairman and Co-Chief Executive Officer Robert Morse speaks during a news conference in Taipei October 13, 2009.
  8. SOUTHPORT, CT - AUGUST 02: The home of Andrew Hall, the controversial recipient of a reported $100 million bonus from Citigroup, is viewed on August 2, 2009 in Southport, Connecticut.
  9. Citigroup Chief Executive Office Vikram Pandit speaks during the Manufactoring town hall meeting at the National Summit in Detroit, Michigan, June 15, 2009.

Cast of Characters

  1. Federal Reserve Federal Reserve
  2. Barack Obama Barack Obama
  3. Citigroup Citigroup
  4. Barney Frank Barney Frank
  5. Timothy F. Geithner Timothy F. Geithner
  6. FDIC FDIC