Editors note the following excerpts are from too big to fail the hazards of bank bailouts by stern and feldman published by the brookings . Too big to fail the hazards of bank bailouts gary h stern ron j feldman paul a volcker on amazoncom free shipping on qualifying offers the . Editors note the essay in this annual report explains the authors policy recommendations in light of the 2007 08 financial turmoil this excerpt . Too big to fail the hazards of bank bailouts gary h stern and ron j feldman brookings institution press washington dc 2004 230 xiii pp index isbn 0 . The potential failure of a large bank presents vexing questions for policymakers it poses significant risks to other financial institutions to the financial s
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