Fed's Fisher says largest banks likely need to be split up:

04/15/2010 | Wall Street Journal, The

Richard Fisher, president of the Federal Reserve Bank of Dallas, said the largest financial institutions likely need to be divvied up into smaller operations so they do not become a threat to the system. He said he is in favor of "an international accord to break up these institutions into ones of more manageable size. More manageable for both the executives of these institutions and their regulatory supervisors." Fisher also said he supports raising the Fed's emergency lending rate.

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Wall Street Journal, The