A Smart and Principled Plan to End ‘Too Big to Fail’

By Richard Eskow | March 13, 2013

The CEO and Research Director of the Federal Reserve Bank of Dallas have written a clear, smart, and principled proposal for reforming our banking system, and for managing the moral and financial crises our too-big-to-fail banks have caused and perpetrated. The plan proposed by Richard Fisher and Harvey Rosenblum is clear, because it follows a simple three-point structure; smart, because it provides a comprehensive framework for reform; and principled, because it restores several fundamental principles to our banking system, include the “free-market” principle which conservatives claim (often falsely) to hold so dear.