Editorial Board

Too-Big-to-Fail Is Still Too Dangerous

A new GAO report will lead some to conclude that the too-big-to-fail problem has been solved. If only.
Still too big to fail.

The Government Accountability Office has issued a long-awaited study on the hidden subsidies that large U.S. financial institutions enjoy. Many will read it as evidence that the Dodd-Frank Act has ended the threat that big banks pose to taxpayers and the economy.

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