Are America's Megabanks Too Big to Fail?

June 28 (Bloomberg) -- Are America's biggest banks still too big to fail? Richmond Federal Reserve Bank President Jeffrey Lacker says yes. On Sunday's program, Lacker says Dodd-Frank's orderly liquidation authority makes the problem worse. "It’s structure in a way that it gives the FDIC the ability to rescue creditors, to help them escape losses in the event of a large financial institution failing," Lacker says. "To my mind, that perpetuates too big to fail because it gets at that short-circuiting of incentives that's the real heart of the problem." (Source: Bloomberg)
Kleiner Not Guilty of Retaliation
41:53 - Bill Frumkin discusses the Kleiner-Pao verdict and the jury stating "Kleiner's failure to promote Pao was not retaliation." He speaks with Pimm Fox on "Taking Stock." (Source: Bloomberg)
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