U.S. Banks: Too Big to Fail or Too Small to Survive?
Huge numbers of economists, politicians, and people in the street are all calling for one policy: make the biggest banks smaller. A common refrain is, “If it’s too big to fail then it’s too big period.” Overlooked in the hue and cry is the issue of cost. It’s quite likely that shrinking the biggest banks will drastically increase the price of banking services to the public. Continue Reading →