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Press Releases

ICBA Welcomes More Clarity to Volcker Rule
Washington, DC (03/04/10)
ICBA said it supports new details of the Obama administration’s proposed Volcker-rule to establish institutional-investment risk and size limits on systemically dangerous financial firms. ICBA said imposing proprietary-trading restrictions on nonbank financial firms and barring mergers and acquisitions that would result in a financial firm holding more than 10 percent of the liabilities of the financial system are important to prevent systemic risks. “If a company is too-big-to-fail, it’s simply too big to exist,” ICBA Chairman Mike Menzies and ICBA President and CEO Cam Fine said.

ICBA Appreciates President’s Focus on Ending Too-Big-To-Fail and Helping Small Business
Washington, DC (01/28/10)
The Independent Community Bankers of America (ICBA) released this statement following President Obama’s State of the Union Address: “ICBA appreciates the president’s support of financial reform legislation that aims to protect America’s taxpayers by ending too-big-to-fail. The financial and economic crisis has shown us that meaningful reform is necessary to ensure that we never again face such a catastrophe in the future. ICBA continues to call for strong measures that would protect our financial system by holding accountable the systemically dangerous mega-firms and unregulated nonbanks that were the root cause of this crisis.

ICBA Agrees That Too-Big-To-Fail Firms Should Be Restricted: Supports Efforts to End Dangerous Overconcentration, Protect Taxpayers and Dual Banking System
Washington, D.C. (01/21/10)
R. Michael Menzies, chairman of the Independent Community Bankers of America (ICBA) and president and CEO of Easton Bank and Trust Co., Easton, Md., and Camden R. Fine, ICBA president and CEO, issued the following statement regarding President Obama’s efforts to impose risk and size limits on the nation’s systemically dangerous too-big-to-fail institutions.

ICBA to Financial Crisis Commission: Too-Big-to-Fail Must End
Washington, DC (1/13/10)
ICBA today told the Financial Crisis Inquiry Commission that too-big-to-fail institutions and shadow banks were the root cause of the financial crisis and that our nation’s more than 8,000 community banks are still meeting the credit needs of their communities and helping in the nation’s economic recovery. ICBA also made recommendations to help community banks continue to lend to the increasingly important small-business sector.

ICBA Lauds Committee Passage of Landmark Systemic-Risk Legislation
Washington, DC (12/2/09)
Camden R. Fine, president and CEO of the Independent Community Bankers of America (ICBA), today issued this statement following the House Financial Services Committee’s passage of the Financial Stability Improvement Act (H.R. 3996), which would promote deposit insurance fairness, protect America’s taxpayers and end too-big-to-fail.

ICBA Praises Reps. Kanjorski and Perlmutter for Amendments That Prevent Future Bailouts, End Too-Big-To-Fail
Washington, DC (11/18/09)
ICBA-backed proposed amendments to the Financial Stability Improvement Act (H.R. 3996) will help prevent future bailouts, protect taxpayer dollars and put an end to too-big-to-fail.

ICBA Voices Support for Legislation That Holds Systemic-Risk Institutions Accountable
Washington, D.C. (10/28/09)
Proposed legislation would rein in the systematic-risk institutions that were the root cause of the nation's financial crisis.

ICBA Supports Legislation That Gives FDIC Authority to Resolve Mega-Banks
Washington, D.C. (07/31/09)
Proposed legislation would give the FDIC authority to rein in bank holding companies that pose a systemic risk to the financial system and, ultimately, America's taxpayers.


ICBA Urges Congress: Reduce Systemic Risk, End-Too-Big-To-Fail, Protect America’s Consumers
Washington, D.C. (07/15/09)
Nation’s Main Street Community Banks Are Well-Capitalized, Common-Sense Lenders That Continue to Lend.

Archive

News

Kaufman: No Bank Should Be ‘Too Big to Fail’
Sen. Ted Kaufman, Roll Call (05/10/10)

Bill Drops Fund to Shut Failed Banks
Edward Wyatt and David M. Herszenhorn, NY Times (05/04/10)

Bipartisan pact on 'too big to fail'-U.S. senators
Reuters (05/04/10)

Too big to fail
Salt Lake Tribune (editorial) (05/04/10)

Wolin Op-Ed: ‘Main Street Needs Senate's Financial Reform Legislation’
Neal S. Wolin, Kentucky.com (04/30/10)

Let's keep banks from growing too big to regulate
Sherrod Brown, Washington Post (04/30/10)

Fixing finance: Too big to fail
The Economist (04/27/10)

Too Big to Fail and the Real World
Dean Baker, Huffington Post (blog) (04/25/10)

Do You Have Any Reforms in Size XL?
Gretchen Morgenson, NY Times (04/23/10)

Amend to End Too Big to Fail
John Nichols, The Nation.com (04/23/10)

Too Big to Fail
Barbara Kiviat, Time.com (04/23/10)

Brown Outlines How New Wall Street Reform Bill Would Hold Wall Street Accountable and Prevent Big Banks From Hurting Main Street Ohio
Senator Brown(04/21/10)

Community Banks Part of the Solution, Not the Problem
Senator Kay Bailey Hutchison (04/16/10)

IMF weighs in to too-big-to-fail debate
Patrick Blum, Risk.net, (04/15/10)

New ICBA Chairman Aims to End Too-Big-To-Fail Doctrine
Brittany Dunn, DSNews.com (04/14/10)

Big banks should be broken up, Fed's Fisher says
Rex Nutting, MarketWatch, (04/14/10)

How to prevent America's next financial crisis
Timothy Geithner, Washington Post (04/13/10)

Moody's: Citigroup Still 'Too Big To Fail' For Now
Damian Paletta, Wall Street Journal (blog) (04/12/10)

How to reduce risk on Wall Street? Make the banks pay.
Matthew Richardson and Nouriel Roubini, Washington Post (04/11/10)

FDIC's Sheila Bair on Bank Failures and Too-Big-To-Fail
Janet Morrissey, Time, (04/09/10)

‘Too Big To Fail': Still a Problem Too Big to Solve?
Stephen Gandel, TIME (04/08/10)

'Too Big To Fail' Bank Draws Complaints
Ashlie Rodriguez, National Journal, (04/08/10)

Ending ‘Too Big to Fail’
Simon Johnson, NYTimes blog (04/08/10)

To battle Wall Street, Obama should channel Teddy Roosevelt
Simon Johnson and James Kwak, Washington Post (04/04/10)

Too big to fail in two dimensions
Michael Konczal (Ezra Klein) Washington Post (04/05/10)

Too big to fail historically
Michael Konczal (Ezra Klein) Washington Post (04/05/10)

For TBTF, Fisher Prescribes International Approach
Deal Book Blogs, New York Times (03/30/10)

What Does "Too Big to Fail" Really Cost?
Alain Sherter, BNET (03/29/10)

Punks and Plutocrats
Paul Krugman, New York Times (03/28/10)

Senator: Which Part Of 'Too Big To Fail' Do You Not Understand?
Simon Johnson, Huffington Post (03/26/10)

A primer on 'too big to fail'
Ezra Klein, Washington Post (Blog) (03/24/10)

Bernanke: Too big to fail a "pernicious" problem
Reuters (03/20/10)

CSBS Chairman Urges Reform of TBTF Policies
(02/17/10)

Fed's Warsh Urges US Reform Focus On Too-Big-To-Fail Banks
Luca Di Leo, Dow Jones Newswires, (02/03/10)

Obama Proposes New Bank Regulations
Damian Paletta and Jonthan Weisman, Wall Street Journal (01/21/10)

Proposal Set to Curb Bank Giants
Damian Paletta and Jonathan Weisman, Wall Street Journal (01/21/10)

Trying to End Too Big to Fail
Kent Bernhard, Jr., Portfolio.com (01/21/10)

Obama to propose new limits on large banks' size and investments, official says
Binyamin Appelbaum and David Cho, Washington Post (01/21/10)

Obama to Propose Limits on Risks Taken by Banks
Jackie Calmes and Louis Uschitelle, New York Times (01/20/10)

Senators eye ‘too big to fail’ bankruptcy fix
Silla Brush, The Hill (01/12/10)

Not All Banks Are Created Alike
Only a few institutions make large trading profits. They should be regulated differently.
Robert G. Wilmers, Wall Street Journal (12/19/09)

Even Bigger Than Too Big to Fail
New York Times (12/14/09)

House Financial Services Committee OKs powers to break up large firms
The Hill (11/18/09)

The End of 'Too Big to Fail'
Rep. Paul E. Kanjorski, Huffington Post (11/13/09)

No more 'too big to fail'
Jamie Dimon, Washington Post (11/13/09)

Too Big to Fail - Too Big to Exist
Senator Bernie Sanders (11/06/09)

U.S. Considers Reining In ‘Too Big to Fail’ Institutions
Stephen Labaton,New York Times (10/26/09)

Debunking the 'Too Big to Fail' Myth Once and for All
Seeking Alpha (10/14/09)

The Cost of Saving These Whales
Gretchen Morgenson,New York Times (10/03/09)

Lehman Monday Morning Lesson Lost With Obama Regulator-in-Chief
Alison Fitzgerald and Christine Harper, Bloomberg (09/11/09)

Banks 'Too Big to Fail' Have Grown Even Bigger
Behemoths Born of the Bailout Reduce Consumer Choice, Tempt Corporate Moral Hazard
David Cho, Washington Post (08/28/09)

The Big Get Bigger
Washington Post (08/28/09)

Videos/Radio Clips

Time to Shrink Big Banks
James Kwak, CBS News (video)

Cam Fine Speaks Out on TBTF
The Kudlow Report, CNBC (04/20/10)

Financial Overhaul's Goal: End 'Too Big To Fail'
John Ydstie, NPR (04/06/10)

Financial Reform Closer to Ending 'Too Big to Fail': Geithner
CNBC.com (03/29/10)

A Fix For Banks Too Big To Fail: Cut 'Em Down To Size
NPR (03/26/10)

Surviving the Bank Failure Tidal Wave
CNBC Squawk Box (03/03/10)

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