American Banker's Editor at Large Barbara Rehm has an answer to the financial industry's hot button issue of "too big to fail."
"Simply put, bankers' reputations ranks just above the tobacco industry's these days because too few believe the Dodd-Frank Act put an end to bailouts of large institutions," writes Rehm.
Rather than debating on whether the 2010 reform law did or did not resolve the problem of "too big to fail", Rehm suggests bank executives should support repeal of Title II, the provisions in Dodd-Frank that lay out how a large financial company would be resolved.
"Advocating a repeal of Title II could quiet critics who don't believe Dodd-Frank ended big-bank bailouts," continues Rehm.
For the full piece see "How Big Banks Can Cure Break-'Em-Up Fever" (may require subscription).