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)
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It May Be Time to Go Bottom-Fishing in Canadian Equities
41:55 - Chhad Aul, portfolio manager at Sun Life Global Investments, joined Bloomberg TV Canada's Lily Jamali to discuss where he sees opportunities in cheap Canadian stocks. (Source: Bloomberg)