Investors acknowledging Dodd-Frank’s impact on too-big-to-fail, trade groups say

Major financial services industry associations hit back at suggestions that big banks are benefitting from a huge subsidy as the result of a belief that those banks are too big to fail. The argument over the amount of the subsidy, or even if one exists, has been simmering for months. The battle flared when a high-profile U.S. Senator challenged the leader of the Federal Reserve over the issue during a recent hearing. Read on for the details.