Monday
May112009
Jordan Kimmel "Banks too Big to Fail?"
Monday, May 11, 2009 at 09:33AM When Lehman Brothers went bankrupt in September 2008, Washington learned the hard way that some firms are just too tangled up in the global financial system to fail. The government has since doled out $5 trillion to keep the remaining players alive. But mostly policymakers have focused on treating the symptoms of the financial crisis rather than the underlying cause. They've been trying to find the perfect pharmaceutical cocktail, fashioning a mix of programs with offputting names like TALF, TLGP, and PPIP—and changing them on the fly. Do any of these plans do more than temporarily relieve the pain?
Scott Drake talks with CNBC's Jordan Kimmel (Magnet Investment Group)





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