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Monday, May 14, 2012

Dallas Fed Reserve : Break up Too Big to Fail Banks

It's a shame Richard W. Fisher, who heads the Dallas Fed, isn't the Fed Reserve Chairman, rather than Helicopter Ben Bernanke. At least Fisher believes that too big to fail banks are bad for America, and might even be willing to do something about it.

For recent pieces on TBTF Banks and the Dallas Fed, see Charles Gasparino's article in The New York Post, "Break up the banks JPMorgan mess is ‘Exhibit A’",  Mark Gongloff's piece in The Huffington Post, "Dallas Fed President Richard Fisher: Too Big To Fail Banks Should Be Punished",  and the Dallas Fed's own Executive Vice President and Director of Research Harvey Rosenblum's recent presentation, "Choosing the Road to Prosperity: Why We Must End Too Big To Fail – Now".

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