“Bank regulators are launching a campaign to sell the markets on the idea that ‘too big to fail’ is dead.”
“Martin Gruenberg, the acting chairman of the Federal Deposit Insurance Corp, said the agency will soon be meeting with financial institutions, investor groups, public interest groups and academics.”
“The goal, he says, is to shoot down the idea that the government does not yet have the smarts or the guts to smoothly dismantle failing financial firms that are so large and complex that their collapse would threaten markets.”
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