Banks Still Too-Big-To-Fail: Six Things The Fed Must Do

We can’t solve problems by using the same kind of thinking we used when we created them. Albert Einstein At a news conference last Wednesday, Ben Bernanke, the chairman of the Federal Reserve, conceded that the problem of too-big-to-fail is “still here”.  If new rules and international cooperation did not solve it, he said, “additional steps” will be needed. Chairman Bernanke didn’t say what “additional steps” he has in mind. Since neither Dod...