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How to Fix Too Big to Fail

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How to Fix Too Big to Fail

As the Competitive Enterprise Institute points out in its constitutional challenge to Dodd-Frank, Title I of the law gives the FSOC the ability to broadly defined powers to designate certain financial companies as systemically important financial institutions (SIFIs) and subject them to a tighter regulatory regime, the idea being that this reduces the likelihood that these companies will fail and demand government support.