Dallas Fed Chief Reopens Too Big To Fail Debate

Law360, New York (March 21, 2012, 6:38 PM EDT) -- When the head of the Federal Reserve Bank of Dallas on Wednesday said the country’s biggest banks should be broken up, he reignited the debate over whether the Dodd-Frank Act provides sufficient protections to the economy and taxpayers if one or more of them fails.

In a letter accompanying the Dallas Fed's annual report, bank President Richard W. Fisher said that the largest U.S. banks had taken on an outsized position in the nation's economy and were hindering the lurching recovery from the recent recession. He...
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