{"id":3560,"date":"2009-10-30T15:17:39","date_gmt":"2009-10-30T19:17:39","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=3560"},"modified":"2011-02-24T14:49:44","modified_gmt":"2011-02-24T19:49:44","slug":"dealing-with-tbtf-institutions","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2009\/10\/30\/dealing-with-tbtf-institutions\/","title":{"rendered":"Dealing with TBTF institutions"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-3564\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/too-big-to-fail.bmp\" alt=\"too big to fail\" width=\"227\" height=\"154\" \/>Treasury Secretary Timothy Geithner is still trying to <a title=\"convince\" href=\"http:\/\/online.wsj.com\/article\/SB125682271061915833.html\" target=\"_blank\">convince<\/a> Congress to pass legislation to deal with &#8220;too big to fail&#8221; financial institutions before they get to the point of collapse.\u00a0 Law Professor <a title=\"Cornelius Hurley\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/banking\/hurley.html\" target=\"_blank\">Cornelius Hurley<\/a>, director of the <a title=\"Morin Center for Banking and Financial Law\" href=\"http:\/\/www.bu.edu\/law\/morincenter\/\" target=\"_blank\">Morin Center for Banking and Financial Law <\/a>and a former counsel to the Fed Board of Governors, says it&#8217;s about time.\u00a0<\/p>\n<p><em>&#8220;The answer to the \u2018too big to fail\u2019 high-wire act does not lie in removing the government\u2019s capacity to cope with these institutions in a crisis. It lies in removing the financial incentives for becoming TBTF in the first instance.&#8221;<\/em><\/p>\n<p>Contact Cornelius Hurley, 617-353-5427, <a href=\"mailto:ckhurley@bu.edu\">ckhurley@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Timothy Geithner is still trying to convince Congress to pass legislation to deal with &#8220;too big to fail&#8221; financial institutions before they get to the point of collapse.\u00a0 Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Fed Board of Governors, says [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491,1],"tags":[113,943,77,559],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3560"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=3560"}],"version-history":[{"count":6,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3560\/revisions"}],"predecessor-version":[{"id":8382,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3560\/revisions\/8382"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=3560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=3560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=3560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}