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MAY 09, 2014 - Zero Hedge

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Tim Geithner Admits "Too Big To Fail" Hasn't Gone Anywhere (And That's The Way He Likes It)

Submitted by Mike Krieger of Liberty Blitzkrieg blog, But it is now clear that Geithner never believed his own talking points. To him, too-big-to-fail and the so-called moral hazard, or safety net, that it would create can’t really ever be fully taken away. During his lecture to Summers’s class, one student asked a question about “resolution authority,” a provision of the reform laws that is supposed to let the government wind down a complex financial institution without creating a domino effect. The question prompted Geithner onto a tangent about too-big-to-fail. ... Read More

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