Monday, November 9, 2015

Report: Banks still too big to fail

A new report shows international banks need more than a trillion
dollars to ensure tax-payers are not liable should a a bank bailout be
needed.

The report looks into the culture of 'too big to fail', the idea that
financial institutions would be funded no matter the costs rather than
being allowed to go bankrupt.

Nick Harper reports from New York.

IN: "The new report..."
OUT: SOC
DUR: 48 seconds
POT: 37 seconds

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