By Brian Honea
“If big financial institutions know they can get cheap cash from the Fed in a crisis, they have less incentive to manage their risks carefully – which further increases the chance of another financial crisis,” Warren said. “This bill would make our financial system safer and help level the playing field between the megabanks and their smaller competitors.”
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Via:: Senators Introduce Bill Limiting Fed’s Lending Authority, Ending ‘Too Big to Fail’