A Perplexed Economist Confronts 'too Big to Fail'

This paper examines premises and data underlying the assertion that some financial institutions in the U.S. economy were "too big to fail" and hence warranted government bailout. It traces the merger histories enhancing the dominance of six leading firms in the U. S. banking industry and h...

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Bibliographic Details
Main Author: Scherer, F. M.
Format: Article
Language:English
Published: Università Carlo Cattaneo LIUC 2010-12-01
Series:The European Journal of Comparative Economics
Subjects:
Online Access:http://eaces.liuc.it/18242979201002/182429792010070202.pdf