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IPFS News Link • Federal Reserve

Do We Really NEED The Giant Banks?

• Washington;s Blog
Bernanke, Summers and Geithner say that we can't let the giant banks fail, because - without them - the economy will be starved of credit and we will be plunged into a depression. This isn't true. Says Who? If we really needed the giant banks, the following top economists and financial experts wouldn't have said that the economy can only recover if the insolvent "too big to fails" are broken up:

1 Comments in Response to

Comment by Lola Flores
Entered on:

 No, we don't need giant banks but who's gonna tell the giant banks that?