Break up banks that are "Too Big to Fail"

#2
#2
i love the standard oil comment. exxon and chevron are currently 1,000 times larger.
 
#3
#3
The gov't should butt out. That's the problem now, too much gov't interference. The banks are a private enterprise and its none of the gov't business.
 
#4
#4
volfanjustin said:
The gov't should butt out. That's the problem now, too much gov't interference. The banks are a private enterprise and its none of the gov't business.
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So you believe these organizations should have been allowed to fail and go bankrupt?
 
#5
#5
Not sure I agree with all of Greenspan's comments, but I agree that some of the large financial institutions should be broken up. It was well known, or at least discussed, that when Geithner and the treasurey department began "assisting" with some of these mega bank mergers that eventually they would also need to be split up. There is inherently more risk to a nation's financial industry when a relatively few number of banks control a relatively high percentage of the market. Just look at the consolidation of activity in the banking industry over the past couple of decades... and certainly the last few years.
 
#6
#6
i still don't understand the outrage. the american taxpayers have been paid back or are at least earning a sizable dividend, the people in charge have been fired as have a good deal of their subordinates. what's the problem?
 
#7
#7
droski said:
i still don't understand the outrage. the american taxpayers have been paid back or are at least earning a sizable dividend, the people in charge have been fired as have a good deal of their subordinates. what's the problem?
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So it is a good thing, and we should hope for it to happen again?
 
#8
#8
droski said:
i still don't understand the outrage. the american taxpayers have been paid back or are at least earning a sizable dividend, the people in charge have been fired as have a good deal of their subordinates. what's the problem?
Click to expand...

:banghead2:
 
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