AFR in the News: FDIC Seeks to End ‘Too Big to Fail’ Bailouts
FDIC Seeks to End ‘Too Big to Fail’ Bailouts
ABC News May 10
Marcus Stanley, policy director of Americans for Financial reform, a public interest coalition in favor of financial reform based in Washington D.C., said there were still unresolved questions about these complex institutions.
“We feel the FDIC needs to take serious steps to reduce the complexity and size of these extremely large banks,” he said. “These institutions are many times larger than Lehman Brothers, which crashed the economy.”