4/4/2013

Bank size remains problematic and the collapse of a major U.S. bank would require aid from the government, says Brooksley Born, who headed the Commodity Futures Trading Commission in the 1990s. "Too big to fail is the primary problem," Born said at a panel discussion. Born, who unsuccessfully attempted to regulate the over-the-counter derivative markets, said he believes speculation through instruments such as over-the-counter swaps can lead to asset bubbles.

Full Story:
Bloomberg

Related Summaries