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Fed's George- Eliminate too Big to Fail Policies"

News

Fed's George said that in order to construct stronger financial system they must address the root cause of the crisis
He also said that the misaligned incentives, improper expansion of Fed safety net protections requires the top correction ahead of others
He also said that the most important measures could be eliminating "too big to fail" policies

Quotes

"With regard to correcting incentives in banking, the most important challenge we face is in constructing an appropriate, but carefully limited, public safety net,"

Kansas City Fed President Esther George

Published: 2012-04-11 14:56:00 UTC+00

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May 18 at 22:41 UTC