Financial Services Committee Hearing: Who Is Too Big to Fail?

The Financial Services Committee held a hearing to examine whether the Dodd-Frank Act authorizes the break up of financial institutions. The Committee stated that the Federal Reserve has not developed any metrics for determining whether a financial institution poses a “grave threat to the financial stability of the United States.” Congressman Patrick McHenry, Chair for the Oversight and Investigation Subcommittee on Financial Services, stated that the indecisiveness on these issues is “a very frightening thing.”

See:  Who Is Too Big to Fail?: Hearing Examines if Dodd-Frank Authorizes the Break up of Financial Institutions.