Regulators Resist Volcker Wandering Warning of Too-Big-to-Fail

Posted: December 18th, 2009 | Author: Gabriella | Filed under: General | Tags: economy | No Comments »

Dean Baker, Director for the Center for Economic and Policy Research, and contributor to Mandate for Change, discusses the economic crisis and recovery.

Resurrecting Glass-Steagall would reduce the need for the taxpayer bailouts that added between 9 percent and 49 percent to the profits of the 18 biggest U.S. banks in 2009, according to Dean Baker, co-director of the Center for Economic & Policy Research in Washington.

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Regulators Resist Volcker Wandering Warning of Too-Big-to-Fail

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