By Renae Merle

“And industry analysts note that banks have much more capital and are much better prepared for financial turmoil than they were in 2008. More regulations, they say, would suppress the risk-taking that makes Wall Street the center of the financial world.

‘The Fed’s stress tests show that large financial institutions can withstand a crisis far worse than 2008, and the largest banks have “living wills” to guide an orderly wind-down without putting taxpayer money at risk,’  said John Dearie, acting chief executive of the Financial Services Forum, an industry group.”  Read more…