SIFMA and other groups address "too big to fail" claims

03/12/2013 | Bloomberg · Financial Times (tiered subscription model)

SIFMA and other groups representing major banks refuted assertions from officials that large financial institutions receive a "taxpayer subsidy" as they rejected claims that they are "too big to fail." "Flawed arguments regarding subsidies to large banking companies are at best out of date, and their use to call for draconian structural limits on the financial industry is out of step with the diverse financial needs of the 21st century U.S. economy," according to the groups. Read SIFMA's statement on the issue.

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