A Quote by Jerome Powell

It is worth noting that 'too big to fail' is not simply about size. A big institution is 'too big' when there is an expectation that government will do whatever it takes to rescue that institution from failure, thus bestowing an effective risk premium subsidy. Reforms to end 'too big to fail' must address the causes of this expectation.

Jerome Powell

Quote Topics

About Address Big Causes Effective End Expectation Fail Failure Government Institution Must Premium Reforms Rescue Risk Simply Size Subsidy Takes Thus Too Whatever Whatever It Takes Will Worth

Quote Author

Jerome Powell
American - Public Servant
Born: February 4, 1953

If a financial institution is too big to fail, it is too big to exist.

Bernie Sanders

Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.

Andrew Ross Sorkin

No single housing finance institution should be too big to fail.

Jerome Powell

Through an unwieldy combination of big government, big military, big business, big labor and big cities, we have created an unworkable mega-nation which defies central management and control. Not only is the United States too big, but it has also become too authoritarian and too undemocratic, and its states assume too little responsibility for the solution of their own social, economic, and political problems.

Thomas Naylor

We're still under the weight of this impression that the ocean is too big to fail, that the planet is too big to fail.

Sylvia Earle

Folks, this government isn't too big to fail, it's too big to succeed.

Sarah Palin

We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.

George Osborne

We talk about institutions that are too big to fail - I think the story is as much about people who think they are too big to fail.

Andrew Ross Sorkin

If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.

Martin O'Malley

Obama isn't just too big to fail. He's too big to know. Obama is so vital to the country and to the world, he must be kept out of the loop in order to save him from his failed presidency.

Rush Limbaugh

Perhaps more to the point for TBTF (Too Big To Fail bank), if a SIFI (Systemically Important Financial Institution) does fail I have little doubt that private investors will in fact bear the losses-even if this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and other regulators cannot use their emergency authorities to bail out an individual failing institution