Exact(7)
In other words, the panel members wanted Allison to admit that there is a formal "too big to fail" policy.
Both Mr. Frank and Mr. Geithner emphasized that the legislation would be intended to limit the "too big to fail" policy of bailing out the nation's largest institutions.
Republican and Democratic lawmakers generally agree that the "too big to fail" policy of taxpayer bailouts for the giants of finance needs to be curtailed.
The refusal to say that the Treasury Department has a formal "too big to fail" policy was accurate, because Treasury hasn't declared any financial institutions systemically important, and doesn't, in any case, have the legal authority to do so.
E-mail address GO SIGN UP Share Tweet The refusal to say that the Treasury Department has a formal "too big to fail" policy was accurate, because Treasury hasn't declared any financial institutions systemically important, and doesn't, in any case, have the legal authority to do so.
The former financial supermarket turned faltering banking giant, Citigroup has been the poster child for the "too big to fail" policy.
Similar(48)
Parts of it virtually identical to Obama's failed policy.
"Hopefully the reality of this failed policy will strike".
It was the result of ten years of failed policy.
"John McCain wants to double down that failed policy".
Thousands of servicemen have been the casualties of a failed policy".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com