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No. In the US, ant any given time the fed nominates about 10 banks that are “too big to fail”. There are hundreds of banks in the US and a couple fail every yea
by kasey_junk 4y ago
No. In the US, ant any given time the fed nominates about 10 banks that are “too big to fail”. There are hundreds of banks in the US and a couple fail every year.
An interesting question is should the fed use that distinction at all? And if so should it be removed as a penalty for bad behavior.
- TrickyRick 4y agoMaybe the statement should rather be "most banks racking up billions in fines are too big to fail". Wells Fargo certainly is.