Barry Ritholtz has written a very compelling and scary article on the “Too Big to Fail” banks. I highly recommend it. I place the article in the “must read” category.
His article has six major, well-documented, sections:
- The Size of the Big Banks Is – Literally – Destroying the Rule of Law
- Their Size Allows Them to Rig the Market
- If We Break Up the Giants, Smaller Banks Will Thrive … And Loan More to Main Street
- We Do NOT Need the Big Banks to Help the Economy Recover
- The Failure to Break Up the Big Banks Is Dooming Us to Depression
- Why Aren’t They Be Broken Up?
Here’s the article.
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