A truly effective restructuring of our regulatory regime will have to neutralize what I consider to be the greatest threat to our financial system's stability -- the so-called too-big-to-fail [banks].
So, if anyone ever poo poos the intent to "break up the banks," inform them that a president of the Dallas, Texas Federal Reserve proposes doing just that. Referring to a more desirable international agreement to limit bank size, Fisher goes as far as to say
If we have to do this unilaterally, we should.
For Your Convenience:
Jim Hightower, Progressive Populist, May 1, 2010.