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GAO’s too-big-to-fail report may be too narrow to judge
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Financial Stability
Wednesday, August 6, 2014
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To what extent has the Dodd-Frank Act codified too-big-to-fail protections for the nation’s largest bank and bank holding companies? This question was the theme of a recent Senate subcommittee hearing that examined the Government Accountability Office’s latest report on the aftereffects of too-big-to-fail. Read on to find out what the GAO concluded, and whether lawmakers and economists are in agreement with the agency’s most recent assessment.
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