Experts Available: Does Too Big to Fail still exist under Dodd-Frank?

With the House Financial Services Committee holding a hearing on whether 'too big to fail' still exists under Dodd-Frank, AEI has a number of finance experts available for comment or to speak on background for this ongoing issue. 

Peter J. Wallison, a member of the Financial Crisis Inquiry Commission in 2009 and the Arthur F. Burns Fellow in Financial Policy Studies, writes that too many questions remain unanswered to break up the big banks, including:
•    1) Is 'Too Big to Fail' (TBTF) even real?
•    2) What Size Makes a Firm Not Too Big to Fail?
•    3) Are We Going to Break Up Nonbanks, Too?
•    4)  What Would It Mean to Break Up the Biggest Banks?
•    5) What's Wrong with Dodd-Frank?
Click here to read his full report, "Breaking up the Big Banks: Is Anybody Thinking?"

Alex J. Pollock, a research fellow at AEI and a former president and CEO of the Federal Home Loan Bank of Chicago, writes that by Mr. Jim Bullard's logic, we should also be breaking up the Federal Reserve.

Phillip Swagel, visiting fellow at AEI and former assistant secretary for economic policy at the Treasury, takes on the notion of TBTF.

To set up an interview with one of the financial services experts, please contact mediaservices@aei.org or 202.862.5829.

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About the Author

 

Peter J.
Wallison

 

Alex J.
Pollock
  • Alex J. Pollock is a resident fellow at the American Enterprise Institute (AEI), where he studies and writes about housing finance; government-sponsored enterprises, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks; retirement finance; and banking and central banks. He also works on corporate governance and accounting standards issues.


    Pollock has had a 35-year career in banking and was president and CEO of the Federal Home Loan Bank of Chicago for more than 12 years immediately before joining AEI. A prolific writer, he has written numerous articles on financial systems and is the author of the book “Boom and Bust: Financial Cycles and Human Prosperity” (AEI Press, 2011). He has also created a one-page mortgage form to help borrowers understand their mortgage obligations.


    The lead director of CME Group, Pollock is also a director of the Great Lakes Higher Education Corporation and the chairman of the board of the Great Books Foundation. He is a past president of the International Union for Housing Finance.


    He has an M.P.A. in international relations from Princeton University, an M.A. in philosophy from the University of Chicago, and a B.A. from Williams College.


  • Phone: 202.862.7190
    Email: apollock@aei.org
  • Assistant Info

    Name: Emily Rapp
    Phone: (202) 419-5212
    Email: emily.rapp@aei.org

 

Phillip
Swagel
  • Phillip Swagel, an economist and academic, was assistant secretary for economic policy at the Treasury Department from 2006 to 2009, where he was responsible for analysis on a wide range of economic issues, including policies relating to the financial crisis and the Troubled Asset Relief Program. He has also served as chief of staff and senior economist at the White House Council of Economic Advisers and as an economist at the Federal Reserve Board and the International Monetary Fund. He is concurrently a professor of international economics at the University of Maryland's School of Public Policy.  He has previously taught at Northwestern University, the University of Chicago’s Booth School of Business, and Georgetown University. Mr. Swagel works on both domestic and international economic issues at AEI.  His research topics include financial markets reform, international trade policy, and the role of China in the global economy.


    Follow Phillip Swagel on Twitter.
  • Phone: 202.687.4869
    Email: pswagel@aei.org

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Wednesday, April 23, 2014 | 12:00 p.m. – 1:30 p.m.
Graduation day: How dads’ involvement impacts higher education success

Join a diverse group of panelists — including sociologists, education experts, and students — for a discussion of how public policy and culture can help families lay a firmer foundation for their children’s educational success, and of how the effects of paternal involvement vary by socioeconomic background.

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Getting it right: A better strategy to defeat al Qaeda

This event will coincide with the release of a new report by AEI’s Mary Habeck, which analyzes why current national security policy is failing to stop the advancement of al Qaeda and its affiliates and what the US can do to develop a successful strategy to defeat this enemy.

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Obamacare’s rocky start and uncertain future

During this event, experts with many different views on the ACA will offer their predictions for the future.   

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