Robert Hockett, a professor at Cornell University Law School, discusses why the U.S. government has dropped the "too big to fail" label from Prudential Financial. The Wednesday move by the government makes the insurance company the last non-bank to escape the extra regulation that goes along with being designated a systemically important financial institution. He speaks with Bloomberg’s June Grasso on Bloomberg Radio’s "Politics, Policy, Power and Law."
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Running time 06:46