Measuring the Handouts to Big Banks

New research from the New York Fed supports the idea that the largest banks present an unacceptable threat to the economy.
At least one person wasn't happy about at the taxpayer booty going to the biggest banks. Photographer: Peter Foley/Bloomberg

The largest U.S. banks and their lobbyists have been trying hard to counteract the growing impression that they present an unacceptable threat to the economy. In a new series of papers, the Federal Reserve Bank of New York offers some evidence that they probably won't like.

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