CEPR on "Too Big To Fail Banks"

CEPR on "Too Big To Fail Banks"
CEPR's recent paper, which outlines how, in the year since the TARP and other bank rescue efforts, taxpayer dollars have essentially been subsidizing borrowing for major banks, was featured in the Oct 3, 2009 edition of the New York Times. On October 6, 2009, CEPR's Co-Director Dean Baker discussed the implicit bank subsidies from the TBTF policy on Democracy Now. CEPR has also been a leading critic of Federal Reserve policies, pointing out here that Fed Chief Ben Bernanke, having missed the $8 trillion housing bubble whose bursting led to the current recession, continues to fight efforts to allow Congress to audit the Fed

http://www.cepr.net/index.php/publications/reports/too-big-to-fail-subsidy/