Economics
Fed’s George Calls for Ending of Too-Big-To-Fail Policies
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Federal Reserve Bank of Kansas City President Esther George said regulators must eliminate too-big-to-fail policies that bail out large financial institutions during times of crisis.
“The critical and defining question for us is how to break this pattern of growing safety nets and escalating crises, while restoring much-needed market discipline to the financial system,” George said in a speech today in New York.