Dealing with TBTF institutions

U.S. moneyPresident Obama has proposed taxing banks that have benefited from TARP bailouts and restricting banking trading activities so depositor funds are not put at risk.  In a Boston Globe op-ed, Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, says it would be more effective to make too-big-to-fail institutions return every dollar of the subsidy they get by being able to borrow funds at a lower rate than less complex institutions.

“We must remind ourselves and Obama that the subsidy comes out of taxpayers’ pockets.”

Contact Cornelius Hurley, 617-353-5427,

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