FDIC chief: "too big to fail" must end for all

Discussion in 'Economics' started by wildfirepow, Oct 4, 2009.

  1. ISTANBUL, Oct 4 (Reuters) - The head of the U.S. Federal Deposit Insurance Corp. said on Sunday that she wanted to end the "too big to fail" doctrine and shrink the shadow banking system that operates outside the reach of regulators.

    FDIC Chairman Sheila Bair, speaking to the Institute of International Finance meeting here, said a proposal to create authority to shut down failing systemically important financial firms may need to be extended to insurers and hedge funds.

    "We need to end 'too big to fail' and this needs to be an overarching policy that applies to everyone," Bair said.

  2. OK, now here is how that REALLY should have been reported.....

    Sorry - just my weird sense of humor!

  3. There has never been "too big to fail". Lehman was big and let fail. it was too J to fail. It is going to be too J to fail.
  4. Oh dont worry. Its going to end...it will end with the biggest one of all failing. The Federal Government. The states will start running themselves without a federal government one day. Thats probably the way it should be.
  5. I disagree with you both peil and cleveland!!!! When the "point" rises to that level...America will be nuked into oblivion - that simple. America with all of the warheads that we have...gee, the leftist world - and that is REALLY what it is...can anybody here REALLY name a capitalist 1st world country? Well when America goes down....leftist China, Russian, EU, etc will NOT be able to sleep at night knowing that "right wing" Americans could get their hands on nukes - only solution for China, EU, Russia, etc. .... nuke America, before her right wing or libertarian "anarchists" get ya!

    Just my $0.02.