We support too big to fail. We want the government to be able to take down a big bank like JP Morgan and it could be done. We think Dodd-Frank, which we supported parts of, gave the FDIC the authority to take down a big bank.
Sentiment: NEGATIVE
If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.
We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.
At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we'll all be paying for until the end of time.
I think Dodd-Frank has contributed to a concentration of banking assets in the hands of a small number of banks.
The only way to make sure no bank is too big to fail is to make sure no bank is too big.
Governments need to be authorized to provide 'open bank assistance.' The convolutions of Dodd-Frank aimed at 'avoiding' this tactic are ludicrous and will prove to be extremely costly to the system.
The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed.
We need to repeal and replace Dodd-Frank. We need to make America fair again for all businesses, but especially those being run by small business owners.
Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.
If a financial institution is too big to fail, it is too big to exist.