A report released by the Dallas branch of the Federal Reserve Bank last Thursday is calling for a re-thinking of efforts to prevent a future financial crisis. The report outlines the Dallas Fed’s position on how regulators should address megabanks that are deemed to be “too-big-to-fail” – or TBTF. Both the Director of Research and the Executive Director of the Dallas Federal Reserve, Harvey Rosenblum and Richard Fisher, have proposed breaking up the nation’s largest banks and withdrawing Federal support from all non-commercial banking operations.

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