Bigwigs in Washington say major bailouts are a thing of the past, reports The New York Times.
It argues, however, that the Dodd-Frank reforms offer “no guarantee” taxpayers won’t be on the hook in the future.
Read more on how a Fed member spoke out against the theory that bailouts are over.
Also read:
Banks are never too-big-to-fail: IIF
Were Canada’s banks bailed out?
Thanks for the bailout? No thanks
Recap of 2012’s top financial phrases, for more on the Eurozone’s bailouts last year