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

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. Richard Fisher, president of the Dallas Fed, has been a crit…

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

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