No bank should be allowed to become so big that it can blackmail governments.
What Obama is saying is simple: The United States has become Too Big To Fail.
In a moment of stress, funding may go to systemically-important firms, which could pull funding away from firms not making the cut.
Too big to fail is too big.
We must limit the perception that some institutions are either too big or too interconnected to fail.
Big corporations don't just belong to one person or two persons but to a whole nation. If you let big corporations fail, then a lot of people are going to suffer.
Companies are transcending power now. We are becoming the eminent vehicles for change and influence, and capital structures that matter. If companies shut down, the stock market would collapse.
Governments aren't going to go away; banks aren't going to go away.
No single housing finance institution should be too big to fail.
We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.
Banks too big to fail are too big to be regulated or controlled by the Federal Government.
Sometimes it's not about the size of your role, it's about the machine that you're part of.
