Skip to main content


June 27, 2013

House panel hears from big bank critics

Prominent supporters of cracking down further on big banks offered a critical assessment Wednesday of whether the 2010 Dodd-Frank law ended the era of “too big to fail” banks while warning against enacting a House proposal to roll back a part of the law governing derivatives.

Their comments came at a House Financial Services Committee hearing on whether the Wall Street reform law will prevent the possibility that large banks will be bailed out or given other forms of government support in the future if they run into trouble.

The witness list was a who’s who of top Wall Street critics: Tom Hoenig, the vice chairman of the Federal Deposit Insurance Corporation, Dallas Fed President Richard Fisher, Richmond Fed President Jeffrey Lacker and former Federal Deposit Insurance Corp. Chairwoman Sheila Bair.

Asked whether Dodd-Frank ended “too big to fail,” Fisher and Lacker both said no, while Bair and Hoenig said they believe the law provides the necessary tools to eventually end the phenomenon.”


Read full Politico Pro article here (subscription required)

In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today