Ending Too Big To Fail
Start Date
8-4-2013 12:00 AM
End Date
8-4-2013 12:00 AM
Description
Ms. Bair presented her ideas regarding “too big to fail” institutions and the bailouts provided during the financial crisis. Critical of this type of government intervention, she discussed why bailouts were unnecessary and how they “undermine our confidence in government.” Ms. Bair examined the economics of “too big to fail” and concluded that it would be optimal for the market to absorb the loss rather than the taxpayers through a government bailout.
Free signed copies of "Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself" by Shelia C. Bair were given to all program attendees.
Ending Too Big To Fail
Ms. Bair presented her ideas regarding “too big to fail” institutions and the bailouts provided during the financial crisis. Critical of this type of government intervention, she discussed why bailouts were unnecessary and how they “undermine our confidence in government.” Ms. Bair examined the economics of “too big to fail” and concluded that it would be optimal for the market to absorb the loss rather than the taxpayers through a government bailout.
Free signed copies of "Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself" by Shelia C. Bair were given to all program attendees.
Comments
The Honorable Sheila C. Bair
Former Chair of the FDIC (2006-2011)