The “Too Big to Fail” Problem

Anat R. Admati discusses how our banking system is too fragile, inefficient and dangerous — it exposes the public to unnecessary risks, distorts the economy, suffers from severe governance problems, and is not regulated effectively in most countries.

Testimony and submitted comments from Anat R. Admati on hearing on “Examining the GAO Report on Expectations of Government Support for Bank Holding Companies.”