|Federal Reserve Bank of Dallas President Richard Fisher extended his long-running effort to break up the biggest banks Wednesday at a time when the idea is gaining currency with policymakers on both sides of the aisle.
Long a critic of letting financial firms grow "too big to fail," Mr. Fisher detailed in a prepared speech Wednesday an approach he said would prevent banking firms from growing so large and complex that their failure could undermine the entire financial system. The Dallas Fed chief spoke to the Committee for the Republic at the National Press Club.
Fed's Fisher: Limit Government Aid to Traditional Bank Unit
Kristina Peterson and Victoria McGrane
(h/t Ryan Harris in the comments)