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'Too Big to Fail' Is Simply Too Big
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Jon Huntsman, Republican candidate for President in 2012, calls for a fee on banks with a size that is above a certain percentage of the GDP. This would cover the cost banks impose on taxpayers when they are bailed out. It would eliminate the advantage banks gain from "too-big-to-fail," a subsidy Huntsman estimates to be one half percentage point in today's market. He points to efforts by the UK and Switzerland for more stringent financial standards than the U.S.
Jon Huntsman on "too-big-to-fail" banks and the need for a tax on banks that exceed a certain percentage of GDP
10/19/2011
Grouped Articles
'Too Big to Fail' Is Simply Too Big
Wall Street Journal 10/19/2011
New York Times 12/11/2011
Wall Street Journal 12/29/2011
Wall Street Journal 01/13/2012
Wall Street Journal 01/17/2012
How Huge Banks Threaten the Economy
Wall Street Journal 04/05/2012
Bank of England governor Mervyn King sees the need to breakup the biggest banks.
01/28/2008
Volcker in the USA and Mervyn King in England both agree that speculative and utility banking should be separated, and too big to fail banks broken up. Regulation to prevent a future banking crisis they agree is something of an illusion.
Grouped Articles
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
BOE's King: Big Banks Should Get Broken Up
Wall Street Journal 10/21/2009
Britain and Its Central Bank Disagree on Banking Laws
New York Times 10/22/2009
Less Talk, More Action Needed by Fed
Wall Street Journal 10/24/2009
Fed's Tarullo Shakes Up Bank Rules
Wall Street Journal 10/26/2009
Economist 10/26/2009
Not just "too big to fail" but too big to run.
10/01/2009
Bank of America is 10 times the size of Exxon. It has $2.3 trillion in assets.
Grouped Articles
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
Soothing Words on 'Too Big to Fail' But With Little Meaning
New York Times 12/11/2013
Wall Street Journal 05/01/2013
Economist 10/08/2009
Economist 10/01/2009
Irreversible Damage: Why Little Action on Banking Can Do Great Harm.
New York Times 04/30/2010
How the U.S. Federal Reserve and Treasury define "Systematically Important" or "Too Big to Fail"
02/09/2011
The Fed defines the term as required by the Dodd-Frank financial regulation law.
Grouped Articles
GE Capital, AIG to Get More Government Oversight
Wall Street Journal 07/09/2013
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/2013
Wall Street Journal 05/01/2013
Fed’s Tarullo Reiterates Support for Raising “Systemically Important” Threshold
Wall Street Journal 03/20/2015
Fed Moves to Label 'Systemically Important' Nonbank Firms
Wall Street Journal 02/09/2011
The Fed's A-Team Hunts for Signs of Risk
BusinessWeek 02/17/2011
Soul searching about the lack of changes to make the financial system safer after the 2008 global financial crisis
01/15/2010
Soul searching at the IMF, Britain's Financial Services Authority and among experts about the lack of serious changes or reforms in the financial system after the global financial crisis of 2008. Bondholders did not take a haircut in Ireland, and large banks are still "too big to fail." A sense that this could happen again.
Grouped Articles
Wall Street's Giants Try 'Flow Monster' Formula
Wall Street Journal 05/20/2013
GE Capital, AIG to Get More Government Oversight
Wall Street Journal 07/09/2013
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/2013
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
Volcker Rule to Curb Bank Trading Proves Hard to Write
Wall Street Journal 09/10/2013
After a Financial Flood, Pipes Are Still Broken
New York Times 09/14/2013
Thomas Hoenig and other experts on the "too big to fail" banking crisis that hovers over the U.S. economy
09/23/2010
Former Fed Governor of the Kansas City Federal Reserve Bank for 20 years, Thomas Hoenig, has followed Fed policy over a long period. He has maintained throughout that government backing takes away an essential element in the safe and conservative practices of financial institutions by encouraging the taking of excessive risks. The only way to ensure their safety is for creditors to know they bear serious risks and for the systemically important financial insitutions to know that not following safe financial practices can put these institutions and management out of business.
Grouped Articles
GE Capital, AIG to Get More Government Oversight
Wall Street Journal 07/09/2013
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
Soothing Words on 'Too Big to Fail' But With Little Meaning
New York Times 12/11/2013
BusinessWeek 09/23/2010
Wall Street Journal 05/01/2013
Banks Ordered to Add Capital to Limit Risks
New York Times 04/08/2014
Jon Huntsman, candidate for U.S. President in 2012
06/25/2011
Huntsman was two term governor of Utah, before being appointed U.S. Ambassador to China. He is a Republican candidate for President for 2012.
Grouped Articles
A 'Conservative Problem-Solver'
Wall Street Journal 06/25/2011
A Billionaire With Distinct Ideas of Philanthropy, and Presidential Politics
New York Times 10/15/2011
Huntsman, a Nice Guy Finishing Last
New York Times 10/15/2011
'Too Big to Fail' Is Simply Too Big
Wall Street Journal 10/19/2011
New York Times 01/02/2012
Wall Street Journal 01/13/2012
Larry Kotlikoff and other economists who support strong action to strip banks of risk-taking activities.
02/04/2010
Among those who support such moves are Simon Johnson at MIT, Robert Lucas at the University of Chicago, Jeffrey Sachs at Columbia. Most recently Mervyn King, governor of the Bank of England. Glenn Hubbard of Columbia and an advisor to President George W. Bush compares the action needed to breakup "too-big-to-fail" banks to the action taken by Theodore Roosevelt, see the link to Hubbard.
Grouped Articles
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
How Larry Kotlikoff Would Fix the Financial System
BusinessWeek 02/04/2010
Irreversible Damage: Why Little Action on Banking Can Do Great Harm.
New York Times 04/30/2010
New Life for 'the Volcker Rule'
Wall Street Journal 05/01/2010
BusinessWeek 04/15/2010
Ireland Crisis Might Give China Break It Seeks
Unknown 11/19/2010
Different approaches to banking crises- South Korea and the U.S.
04/01/2009
The U.S. leaned on S. Korea to make radical changes in its banking system in 1997, with takeover of banks by the government, closing of loss ridden banks, and creation of a new banking sector. The moves were compressed into a short time because of U.S. pressure. The large influence of bank lobbying in the US, in Republican and Democratic administrations, has led to a situation in which the U.S. banking sector is similiar to what it was before the 2008 crisis, with the same too-big-to fail banks- only larger now- and with unresolved bad housing loans.
Grouped Articles
Book portrays dysfunction in Obama White House - The Washington Post
Washington Post 09/17/2011
Seoul Forum Helps Heal IMF Wounds
Wall Street Journal 07/12/2010
New York Times 04/01/2009
Plan to Help Banks Clear Their Books Is Halted
New York Times 06/04/2009
South Korea Makes a Quick Economic Recovery
New York Times 01/06/2011
'Too Big to Fail' Is Simply Too Big
Wall Street Journal 10/19/2011
Simon Johnson and other experts on the capital shortfall and banking crisis in the U.S.
04/15/2010
Johnson points to irreversible damage from the lack of aggressive action with the large banks from the Obama administration. Johnson pointed to the problems with too big to fail banks. now he and Peter Boone give a lucid explanation on the big picture facing America in relation to the task of aggressive action to resolve the banking problem.
Grouped Articles
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
Irreversible Damage: Why Little Action on Banking Can Do Great Harm.
New York Times 04/30/2010
New Life for 'the Volcker Rule'
Wall Street Journal 05/01/2010
BusinessWeek 04/15/2010
Jamie Dimon: Americaâs Least-Hated Banker
New York Times 12/01/2010
After the reforms: Safer, but not yet safe enough
Economist 05/21/2011
The lack of action in the "too big to fail" and systemically important financial institutions area one year into the Obama administration.
04/21/2009
Regulatory reform proposals and other actions taken in the first 6 months still leave many banking and financial nstitutions that are too big to fail. Consolidations of banks have actually increasd their size. The dangers in additional bailout assistance if banks suffer huge losses.
Grouped Articles
GE Capital, AIG to Get More Government Oversight
Wall Street Journal 07/09/2013
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
Wall Street Journal 05/01/2013
Economists Seek Breakup of Big Banks
Wall Street Journal 04/21/2009
Banks Need Fewer Carrots and More Sticks
Wall Street Journal 05/07/2009
What Does the Market Focus on After the Stress Tests?
Wall Street Journal 05/07/2009
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