Large Banks Still Have Financing Advantage
For more: http://nyti.ms/gcJ36E
What happened to ending “too big to fail?” That was one objective of the financial overhaul bill, the Dodd-Frank Act, that was passed this year. Central to the legislation were rules intended to make big banks less exciting and safer. It also created an authority meant to smoothly wind down even the largest institutions without greatly disrupting the financial system.