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Archive for July 16th, 2011

The Dilemma of “Too Big to Fail” Bank Bailouts


Saturday July 16th, 2011   •   Posted by David Theroux at 2:44pm PDT   •   0 Comments

In his article in the Summer 2011 issue of The Independent Review, “The Dilemma of Bailouts,” economist Roy C. Smith (New York University) examines why despite its prohibition of taxpayer-funded bailouts, the Dodd-Frank Act has left the financial system exposed to meltdowns and promotes the shifting of risk from large “systemically important” financial firms…
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