No more bailouts?

Bigwigs in Washington say major bailouts are a thing of the past, reports The New York Times.

It argues, however, that the Dodd-Frank reforms offer “no guarantee” taxpayers won’t be on the hook in the future.

Read more on how a Fed member spoke out against the theory that bailouts are over.

Also read:

Banks are never too-big-to-fail: IIF

Were Canada’s banks bailed out?

Volcker rule essential: CFA

5 reasons the FED is wrong

Thanks for the bailout? No thanks

Recap of 2012’s top financial phrases, for more on the Eurozone’s bailouts last year

Reactive regulatory reforms harm markets