Federal Reserve Bank of New York President William Dudley said U.S. regulators, despite having made the financial system safer and less prone to panics, still had not eliminated the threat posed by institutions considered “too big to fail.”
“This is work that we absolutely must complete,” he said in prepared remarks he’s scheduled to deliver Saturday at a conference on financial regulation in New York. “Without a well-functioning resolution process, the consequences of such a failure could still be catastrophic.”
OK, Dudley, look at the central bank balance sheet. Separate the loans and deposits by member bank. How many member banks have 2.4 T in loans? how many have 2.4T in deposits? Find the loner, that is the bank too big to fail.
Or, you could make shit up, like Sotomayor or those folks from MIT.
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