Wednesday, August 1, 2012

Break Up the Big Banks

One of the men responsible for the creation of banks too big to fail, now wants to break them up.
To me, the issue is not about breaking up the larger banks. These banks are going to all be technologically advanced and very difficult to breakup, let alone regulate. The issue is about the 6,200 banks that cannot compete electronically and the subsection of these banks that are still facing issues of solvency.

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