Editorial Board

How the G-20 Should End Too-Big-to-Fail

Global regulators' approach to ending big bank bailouts is more complicated than it needs to be.

Call in the reinforcements.

Photographer: Hannelore Foerster/Getty Images

In the darkest days of the 2008 financial crisis, the leaders of 20 developed and developing nations gathered in Washington and set out an ambitious plan for reform. Never again, they agreed, should the world's biggest banks be able to present such a threat to the global economy that governments would be forced to rescue them.

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