Protect taxpayers from TBTF firms

money rollIn the wake of the great financial crisis/bailout of 2009, it’s in the U.S. taxpayers’ interest to again separate the “financial markets industry” from the “financial services industry.”  In a Reuters commentary, former deputy Comptroller of the Currency Robert Bench, now a senior fellow at the BU School of Law’s Morin Center for Banking and Financial Law, says now is the time for Congress to create an industry financed “Systemic Resolution Fund” as insurance against failures at those “too-big-to-fail” financial instutions.

Contact Robert Bench, 617-353-5428, bobbench@bu.edu

Post a Comment

Your email address is never shared. Required fields are marked *