# In an op-ed, Profs Cooley & Schoenholtz explain why the US should end the era of big bailouts

1 Faculty News January 25, 2013 ![Huffington Post logo](/sites/default/files/styles/246w/public/assets/images/huffpost192x144.jpg?itok=sF2Y0c9v)>

Excerpt from [The Huffington Post ](http://www.huffingtonpost.com/tom-cooley/who-will-carry-the-water_b_2553019.html)-- "In December, the U.S. and the UK took a significant step in that direction, announcing a common strategy for resolving insolvent cross-border financial giants, known as global systemically important financial intermediaries (G-SIFIs). In spite of this progress and the Dodd-Frank law notwithstanding, the specter of 'too big to fail' still haunts the financial landscape."

[Read more](http://www.huffingtonpost.com/tom-cooley/who-will-carry-the-water_b_2553019.html)