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Government Support for Bank Holding Companies: Statutory Changes to Limit Future Support Are Not Yet Fully Implemented
Lawrance L. Evans, Jr. (au)
The federal government extended unprecedented support to financial institutions to stabilize financial markets during the financial crisis. While these actions helped to avert a more severe crisis, they raised questions about the appropriate scope of government safety nets for financial institutions. This report reviewed the benefits that large bank holding companies (those with more than $500 billion in assets) have received from actual and implied government support. It examines (1) actual government support for banks and bank holding companies during the financial crisis; and (2) recent statutory and regulatory changes related to government support for banks and bank holding companies. Tables and figures. This is a print on demand report.
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