Tarullo, Daniel K. on 2017 February 15 at 08:00
When someone comes and tells you we’ve solved the too-big-to-fail problem, that’s when you should begin to get worried.
“When someone comes and tells you we’ve solved the too-big-to-fail problem, that’s when you should begin to get worried,” said Tarullo, who said last week that he plans to step down as a Fed governor in April. He said the rules overhaul inspired by the Dodd-Frank Act “should have durability,” though it’s “far too early to tell” what will come of the anti-regulation rhetoric from President Donald Trump and his administration. Tarullo, who spearheaded the push to make banks safer after the crisis, said vulnerabilities remain. He said more work must be done to enable big banks to fail without endangering their peers, and pointed to hazards related to the types of bank funding that are susceptible to runs. Tarullo, Daniel K.