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Wednesday, April 18, 2012

''‘Too big to fail’ casts a long shadow''

From Washington Times
By C Boyden Gray

''As we approach the fourth anniversary of 2008’s financial crisis, it’s clear that Congress has done nothing to solve the crisis’s central problem.

Today, as then, certain financial institutions are “too big to fail,” a state of affairs that benefits those companies but imposes great risk upon the economy at large. The Dodd-Frank reforms of 2010 purported to solve this problem, but they worsened it. And the latest whistleblower is none other than the Dallas Federal Reserve Bank.''

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