From American Banker
"Downsizing too-big-to-fail institutions and the risks they pose to the financial system could not be worse than taxpayers spending trillions of dollars propping up these firms and federal officials, not the free market, picking winners and losers. Taxpayers should never underwrite the mismanagement or overreach of any firm. If it comes to that, the firm and all stakeholders should be wiped out—just like too-small-to-save banks are on Friday nights."
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