Tagged: too big to fail

Nations consider bank taxes

Germany is moving to adopt a new bank tax to cover the cost of possible future bailouts, and France is considering the same thing.  Former Deputy Comptroller of the Currency Robert Bench, now a senior fellow at the BU Law School’s Morin Center for Banking and Financial Law, says perhaps the best way to protect […]

Dealing with TBTF institutions

Treasury Secretary Timothy Geithner is still trying to convince Congress to pass legislation to deal with “too big to fail” financial institutions before they get to the point of collapse.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Fed Board of Governors, says […]

Taxing to deal with “too big to fail” corporations

Law Professor Tamar Frankel, author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says taxation is a reasonable tool to use to control corporations which are being given federal bailout money because they’ve become “too big to fail.” “Many wonder and worry about the mammoth banks and corporations that became ‘too big to […]