Fed’s Fisher: Too-big-to-fail banks are “crony” capitalists

NATIONAL HARBOR, Maryland (Reuters) – The largest U.S. banks are “practitioners of crony capitalism,” need to be broken up to ensure they are no longer considered too big to fail, and continue to threaten financial stability, a top Federal Reserve official said on Saturday.




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Fed’s Fisher: Too-big-to-fail banks are “crony” capitalists

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