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New Fed study bolsters case for ‘too-big-to-fail’ reforms
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Banking, Financial Stability, Legislation
Tuesday, April 1, 2014
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Evidence from the bond market supports the theory that “too-big-to-fail” banks are able to borrow at a lower cost because investors believe the federal government will come to their rescue in the event of a financial crisis, according to a new study released by the Federal Reserve Bank of New York. U.S. Senators Sherrod Brown and David Vitter are touting the study in seeking passage of the Terminating Bailouts for Taxpayer Fairness Act, a bill intended to level the playing field for smaller banks.
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