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View Diary: Sen. Bernie Sanders to Introduce Bill to Break Up Too Big To Fail Banks (99 comments)

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  •  It's a nice slogan, but (0+ / 0-)

    Would breaking up big banks actually make the financial system more resilient? If we had had smaller banks that were all over-leveraged in the same way, we would have had the same panic and crash.

    •  Well, I'm no financial genius, but how often have (2+ / 0-)
      Recommended by:
      The Marti, ericlewis0

      those on the right told us of the benefits of more competition? So, your bank offers more interest on your deposits, but only because they make riskier loans? Go for it, I'm not comfortable with that sort of risk.  I'll stick with my safe bank.

      Note that I use the word "your" only figuratively for purposes of illustration - not that I believe that is your personal motivation.  Also note I wrote "deposit", not investment - you'll only make those through your non-bank brokerage on a properly defined system.

      -7.38, -5.38 (that's a surprise)

      Why must we struggle to protect the accomplishments of Democrats of the past from Democrats of the present? -- cal2010

      by 84thProblem on Fri Mar 29, 2013 at 09:05:51 AM PDT

      [ Parent ]

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