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March 20, 2013

Fed's Fisher Courts Right With 'Too Big to Fail' Talk

Dallas Federal Reserve Bank President Richard Fisher is no Sarah Palin. But like the onetime Republican vice-presidential candidate, he will address this year’s Conservative Political Action Conference, an unusually political venue for a U.S. central banker.

Mr. Fisher is set to address conservative activists at the gathering Saturday, pitching his proposal to break up the biggest U.S. banks as the best way to avoid government bailouts of such firms. His presence at the conference, which begins Thursday, is the latest evidence of big-bank bashing’s broad political appeal.

“The conservative movement by and large does not believe that the federal government should play a role in bailing out failed institutions,” whether it is banks or auto companies, said Al Cardenas, chairman of the American Conservative Union, which organizes the annual conference. “If a size of an institution has a bearing on that, then we want to talk about it.””

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Read full Wall Street Journal article here

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