Jeremy C. Stein Quotes

Perhaps More To The Point For TBTF (Too Big To Fail Bank), If A SIFI (Systemically Important Financial Institution) Does Fail I Have Little Doubt That Private Investors Will In Fact Bear The Losses-even If This Leads To An Outcome That Is Messier And More Costly To Society Than We Would Ideally Like. Dodd-Frank Is Very Clear In Saying That The Federal Reserve And Other Regulators Cannot Use Their Emergency Authorities To Bail Out An Individual Failing Institution

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