Too-Big-To-Fail Banks

After the 2020 Election: Break Up TBTF Banks

Congress dodged the issue of breaking up the biggest banks after the financial bubble’s final 2008 collapse. Protecting the essential roles of traditionally commercial banks — lending, deposit-taking, and operating the payments system — was prevented by politics. Proprietary trading and a few investment banking activities were circumscribed, and new TBTF derivatives clearing houses were…

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