the too-big-to-fail subsidies, it is subsidizing that which we do not want. So we know it is perverse.
I often said my vote in 2008 for the TARP, for the Trouble Asset Relief Program, was both the best vote of my career and...
I think some of you saw an article recently, I think a front-page piece in the New York Times in the last couple of week...
the moral hazard that it engenders. Moral hazard is the cost we pay for living in a civilized society.
The way to get the change is not by doing it piecemeal on each part of their compensation, because they will find ways t...
the too-big-to-fail subsidy, it is something we do not want. Yet, it is there.
Five years later, according to the firm SNL Financial, the four largest banks control more than 40 percent of the bankin...
the competitive situation gets worse.
Today they are more than 60--six-zero--percent of GDP.
the problem with the too-big-too-fail subsidy, it happened by happenstance. It was never voted on.
Governments bail out bigger banks.