To the Point
Are Our Banks Still 'Too Big to Fail?'
Five years after the Great Recession began, our big banks are bigger than ever. Are they still "too big to fail?" Would undue risk-taking mean another taxpayer bailout?
By Warren Olney • • 51m ListenFive years after the Great Recession began, our big banks are bigger than ever. Are they still "too big to fail?" Would undue risk-taking mean another taxpayer bailout? Also, the Pope says the Catholic Church is "obsessed" with abortion, gay marriage and contraception. On Today's Talking Point, have Republican House leaders turned into followers?
Banner image: Kenn Wilson
In this episode
2 storiesAre America's Financial Institutions Still 'Too Big to Fail?'
Five years ago this week, the bankruptcy of Lehman Brothers led to America's worst financial crisis since the Great Depression. The Bush and Obama Administrations used billions of taxpayer dollars to bail out banks that were so big their failure would have hurt the economy even more. Now some of those banks are bigger than ever.
Read the story42 minRepublican Leadership in Congress Follows the Extremists
House Republicans have held a strategy session and decided to move toward a government shutdown and default on the national debt — even though that's not what their leadership wanted to do.
Read the story9 min
