, Columnist
Seven Dumb Things Bankers Say
Many of the arguments used to justify the size of the largest U.S. financial
institutions simply donât stand up to scrutiny.Â
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Many of the arguments used to justify the size of the largest U.S. financial institutions simply don't stand up to scrutiny. It's important that folks in Washington keep this in mind as the political debate over what to do about too-big-to-fail banks heats up.
A number of the bankers' talking points are encapsulated in a report, issued as part of a Wall Street public-relations campaign, that appears to be getting some attention inside the Beltway. Politico's Morning Money mentioned it in February, and this week Bloomberg View columnist Ezra Klein cited it an article on the state of efforts to rein in too-big-to-fail banks.
