TBTF stands for too-big-to-fail, which refers to the de-facto reality that mega-universal banks are so large and systemically important that they will never be allowed to fail. But, there's a new TBTF in town, and by town I mean Washington. The new TBTF stands for the Terminating Bailouts for Taxpayer Fairness Act. Senator David Vitter (R-LA) and Senator Sherrod Brown (D-OH) recently introduced the TBTF bill which politely kicks the long-delayed and excruciatingly wrongheaded Dodd-Frank legislat...
TBTF stands for too-big-to-fail, which refers to the de-facto reality that mega-universal banks are so large and systemically important that they will never be allowed to fail. But, there's a new TBTF in town, and by town I mean Washington. The new TBTF stands for the Terminating Bailouts for Taxpayer Fairness Act. Senator David Vitter (R-LA) and Senator Sherrod Brown (D-OH) recently introduced the TBTF bill which politely kicks the long-delayed and excruciatingly wrongheaded Dodd-Frank legislat...
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