The FDIC-assisted BB&T acquisition of Colonial is ironic and inexplicable. The acquisition means that federal regulators have allowed a bank, already “too big to fail,” to continue to grow massively. This maximizes moral hazard, the elite banks’ political power, and the risks of regulatory capture. The largest banks remain the primary cause of systemic risk, writes William K. Black. Black is Associate Professor of Economics and Law University of Missouri – Kansas City and the author of: The Best Way to Rob a Bank is to Own One.”]
Source: https://www.cuinfosecurity.com/blogs/bbt-acquisition-colonial-ironic-inexplicable-p-276