Federal Reserve Bank of Dallas President Richard Fisher said Wednesday the nation’s largest financial institutions likely need to be broken into less threatening operations, adding he also supports an increase in the central bank’s emergency lending rate. Fisher said he supports “an international accord to break up these institutions into ones of more manageable size. More manageable for both the executives of these institutions and their regulatory supervisors.”
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio