After the 2008 financial crisis, the term, “Too Big To Fail,” entered into the vernacular. Tax payers didn’t want to have to bail out big banks during the next downturn. A recent government report says many of the big banks are still too big, and not diverse enough to withstand another financial crisis. Outgoing emeritus chairman of the board of Bank of America, Chad Gifford, disagrees and believes there is a role for massive banks in our economy.
Hear Radio Boston's previous conversation with Chad Gifford.
- Chad Gifford, retiring emeritus chairman of the board of Bank of America.
This segment aired on May 13, 2016.