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Archive Home > 2010 > March > 28 > Banks too big to fail will spark new crisis, authors argue

Banks too big to fail will spark new crisis, authors argue

By James Pressley / The Bulletin
March 28, 2010

Alan Greenspan, the master of monetary mumbo jumbo, leaned back in his chair and grew uncharacteristically forthright.

“If they’re too big to fail, they’re too big,” the former Federal Reserve chairman said when asked about the dangers of outsized financial institutions.

It was October 2009, and....

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