It is worth noting that 'too big to fail' is not simply about size. A big institution is 'too big' when there is an EXPECTATION that GOVERNMENT will do whatever it takes to RESCUE that institution from failure, thus bestowing an effective risk premium subsidy. Reforms to end 'too big to fail' MUST ADDRESS the causes of this expectation.
Author - Jerome Powell Subject - Reforms
Let the most powerful wisdom quotes and sayings of our times guide your life! quotes has got them all listed out for you to explore. Simply,Choose a topic/author and get started on a self-paced journey of inner awakening inspired by great minds.
Add Your Thought For The Quote