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End of ‘too big to fail?’ Too soon to tell, Lew says
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Financial Stability
Thursday, July 3, 2014
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While presenting the Financial Stability Oversight Council’s 2014 annual report to the House Financial Services Committee on June 24, Treasury Secretary Jacob Lew was grilled on whether “too big to fail” still exists, and he offered a mixed response. Read on to find out why he told lawmakers that we may not know if one of the main contributors to the financial collapse is a thing of the past until the next financial crisis happens.
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