US banks no longer ‘too big to fail’, says Tucker

Can’t argue his thought process – probably 300 million Americans feel the same way.

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US banks no longer ‘too big to fail’, says Tucker

The deputy governor of the Bank of England has declared an end to the era of taxpayer bail-outs for the world’s giant lenders.

Almost five years to the day since the collapse of Lehman Brothers triggered the worst financial crisis since the 1930s, Paul Tucker claimed that America’s biggest banks are now in a position to go bust without state intervention.

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1 thought on “US banks no longer ‘too big to fail’, says Tucker

  1. Perhaps this is one reason Chase has instituted controls regarding the amounts of cash withdrawls and international transfers that can take place from business accounts that was announced just this week., ie., maximizing their cash reserves. This is disturbing, check into it.

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