BUSINESS

"Too Big Too Fail": Obama's Reforms Don't Address Lessons From "Lehman Monday"

11/11/2009 05:12 am ET | Updated May 25, 2011

One year after the demise of Lehman Brothers Holdings Inc. paralyzed the financial system, “mega-banks,” as Fine’s group calls them, are as interconnected and inscrutable as ever. The Obama administration’s plan for a regulatory overhaul wouldn’t force them to shrink or simplify their structure.

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