Today I will offer my assessment of the current status and outlook for ending the problem of too big to fail (TBTF) banks.1 I come at this problem from the perspective of a policymaker who was on the front line responding to the 2008 financial crisis. When Congress moved quickly to pass the Dodd-Frank Act (the Act) in 2010, I strongly supported the need for financial reform, but I wanted to see the Act implemented before I drew firm conclusions about whether it solved TBTF2. In the last six years my colleagues across the ...
