The continued existence of too-big-to-fail banks is a recipe for disaster, TARP's Neil Barofsky...

|By:, SA News Editor

The continued existence of too-big-to-fail banks is a recipe for disaster, TARP's Neil Barofsky says in his latest report. "These institutions and their leaders are incentivized to engage in precisely the sort of behavior that could trigger the next financial crisis, thus perpetuating a doomsday cycle of booms, busts, and bailouts."