James Pethokoukis, a columnist for the American Enterprise Institute, writes in the pages of the Weekly Standard in favor of a breakup of the big banks. He doesn’t get to that conclusion the way I would get to that conclusion, but the fact he does may signal a potential transpartisan alliance on going after the big banks.
|By: David Dayen Monday June 4, 2012 9:30 am|
|By: David Dayen Monday May 14, 2012 1:30 pm|
Whale trade, proponents of stiffer regulation on Wall Street than what was ushered in with Dodd-Frank have offered a variety of solutions, including reenacting Glass Steagal or making banks smaller. All of them could be beneficial in tandem to reduce risk and political influence from the financial system.
|By: David Dayen Friday March 23, 2012 6:01 am|
The Dallas Federal Reserve Bank released a report yesterday calling for the end of “Too Big To Fail” and the breakup of the largest and most systemically important banks.
In a letter signed by Richard Fisher, the conservative president of the bank, he endorses the research report, and he says that the Dodd-Frank law did not do nearly enough to end the dynamic of Too Big to Fail, and that more must be done immediately to reach this outcome.