Too big to fail equates to too big to be managed. Both Volcker and Stiglitz argue for a limitation on the size of banks. Stiglitz points out that in the past year big banks have become bigger and goes on to assert that the problems are worse today than in 2007. He recognizes the political clout the banks have but hopes that the upcoming G-20 meeting in Pittsburgh will fortify the guts of the administration.
Change you can believe in??
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