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U.S. should not coddle big banks: Fed's Fisher

  • On 8:27 pm EST, Tuesday November 10, 2009

AUSTIN (Reuters) - The United States should not coddle large financial institutions considered "too big to fail", Federal Reserve Bank of Dallas President Richard Fisher said on Tuesday.

Fisher made the comments in a question and answer session following a speech to the Austin Headliners Club.

Asked about the U.S. government budget deficit, Fisher said the Fed would not monetize the fiscal shortfall.

(Reporting by Pedro Nicolaci da Costa, Editing by Andrew Hay)

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