Regulators Pushing for Action to Curb Banks
Bloomberg reported that top U.S. bank regulators and lawmakers are pushing for action to limit the risk that the government again winds up financing the rescue of one or more of the nation’s biggest financial institutions.
Bloomberg said officials leading the debate share the view that the 2010 Dodd-Frank Act failed to curb the growth of large banks after promising in its preamble to “end too big to fail.”
Bloomberg noted that three of the four largest U.S. banks are bigger today that they were in 2007, heightening the risk of economic damage if one gets into trouble.
To read the Bloomberg story click here.