Large Banks Get 'Too Big to Fail' Subsidy in Crisis
GAO report finds the largest banks have more market advantage over smaller competitors in times of financial crisis than in economic boom times.
By Cheyenne Hopkins, Bloomberg|July 31, 2014 at 07:57 AM|Originally published on Treasuryandrisk.Com
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The largest U.S. banks enjoyed lower funding costs than smaller rivals during the 2008 economic crisis although that advantage has declined or reversed in recent years, according to testimony from a government watchdog.