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In the wake of the Great Recession, many financial services firms have grown so large that their failure would be detrimental to the industry and the economy. Yet no one in government or industry has been able to successfully end “TBTF.”
(Editor’s note: This is the second part of a two-part series on the problem of financial services firms that are “Too Big to Fail” and therefore must be propped up during an economic crisis at taxpayers’ expense. This problem became acute during the Great Recession and many had hoped reform legislation such as the Dodd-Frank...
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