To the Point
Too Big to Fail - and Still Growing
Banks that were "too big to fail" were rescued from the consequences of bad decisions with taxpayer money. They're beginning to pay it back but, at the same time, they've grown bigger than ever. What does that mean for consumers? Can government get the banks under control before they get reckless again? Also, an update on the fires that are ravaging southern California, and big change in Japan.
By Warren Olney • • 50m ListenBanks that were "too big to fail" were rescued from the consequences of bad decisions with taxpayer money. They're beginning to pay it back but, at the same time, they've grown bigger than ever. What does that mean for consumers? Can government get the banks under control before they get reckless again? Also, an update on the fires that are ravaging southern California. On Reporter's Notebook, Japan's likely new Prime Minister rejects American-style capitalism… or does he?
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