Home > American finance > “we believe that banks that are too big to fail are too big to exist”

“we believe that banks that are too big to fail are too big to exist”

May 8th, 2009

This is a very good sum-up of the current crisis in american banks. Since they won’t allow them to fall (BoA and Citi in particular I think) these banks have to be forced to split into smaller units. “The Big 6″ perhaps should become “the Not so big 18″.

Link: http://seekingalpha.com/article/136196-stress-tests-and-the-nationalization-we-got

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