Foundation for Economic Education » Bailouts Make Banks Bigger

Bailouts Make Banks Bigger

Posted By Sheldon Richman

“When the credit crisis struck last year, federal regulators pumped tens of billions of dollars into the nation’s leading financial institutions because the banks were so big that officials feared their failure would ruin the entire financial system. Today, the biggest of those banks are even bigger.” (Washington Post ^[1], Friday)

No surprise there.

FEE Timely Classic
“Commercial Banking in a Free Society” ^[2] by Steven Horwitz

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/bailouts-banks-bigger/

URLs in this post:

[1] Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2009/08/27/AR2009082704193.html

[2] “Commercial Banking in a Free Society”: http://www.thefreemanonline.org/columns/commercial-banking-in-a-free-society/

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