{"id":4195,"date":"2010-01-27T12:28:13","date_gmt":"2010-01-27T17:28:13","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=4195"},"modified":"2011-02-17T16:41:33","modified_gmt":"2011-02-17T21:41:33","slug":"dealing-with-tbtf-institutions-2","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/01\/27\/dealing-with-tbtf-institutions-2\/","title":{"rendered":"Dealing with TBTF institutions"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-4196\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/01\/U.S.-money1.jpg\" alt=\"U.S. money\" width=\"83\" height=\"135\" \/>President Obama has proposed taxing banks that have benefited from TARP bailouts and restricting banking trading activities so depositor funds are not put at risk.\u00a0 In a <em>Boston Globe<\/em> <a title=\"op-ed\" href=\"http:\/\/www.boston.com\/bostonglobe\/editorial_opinion\/oped\/articles\/2010\/01\/27\/banks_need_to_return_subsidy?mode=PF\" target=\"_blank\">op-ed<\/a>, 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>, says it would be more effective to make too-big-to-fail institutions return every dollar of the subsidy they get\u00a0by being able to borrow funds at a lower rate than\u00a0less complex institutions.<\/p>\n<p><em>&#8220;We must remind ourselves and Obama that the subsidy comes out of taxpayers\u2019 pockets.&#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>President Obama has proposed taxing banks that have benefited from TARP bailouts and restricting banking trading activities so depositor funds are not put at risk.\u00a0 In a Boston Globe op-ed, Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, says it would be more effective to make too-big-to-fail institutions return [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[78,113,1236,75],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4195"}],"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=4195"}],"version-history":[{"count":6,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4195\/revisions"}],"predecessor-version":[{"id":8191,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4195\/revisions\/8191"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=4195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=4195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=4195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}