Speech

Taming the Too-Big-to-Fails: Will Dodd–Frank Be the Ticket or Is Lap-Band surgery required? (with reference to Vinny Guadagnino, Andrew Haldane, Paul Volcker, John Milton, Tom Hoenig and Churchill’s ‘Terminological Inexactitude’)

Abstract: Remarks before Columbia University?s Politics and Business Club, New York City, NY, November 15, 2011 ; \"I shall speak of the difficulty of treating [too big to fail] in a culture held hostage by concerns for 'contagion,' 'systemic risk' and 'unique solutions.' I will posit that preoccupation with these concerns leads to an ethic that coddles survival of the fattest rather than promoting survival of the fittest, to the detriment of social welfare and economic efficiency.\"

Keywords: Banks and banking - Regulations; Financial Regulatory Reform (Dodd-Frank Act);

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2011

Number: 100