Dean Baker: "Forget Regulation, It's Time To Break Up The Banks!"
Oct 30, 2009 at 4:27 PM
DailyBail in bailout, banks, banks, bernanke, dean baker, federal reserve, financial regulation, regulation, too big to fail, video, video, wall street, wall street

CNN Video: Dean Baker, of The Center for Economic and Policy Research, says regulation alone is not enough to fix too big to fail, and that we need to break up our largest banks.

Alan Greenspan has called for the largest banks to be sliced and diced.

Paul Volcker has been saying so for awhile.

Sheila Bair is for it.

Joseph Stiglitz says yes, emphatically.

Krugman agrees.

Simon Johnson has been ringing the bell.

Add Mervyn King, Jimmy Rogers, Josh Rosner and Chris Whalen to the list.

Meanwhile Rome is burning while Obama, Bernanke, Geithner, Summers and Barney Frank do absolutely nothing to fundamentally solve the problem. 

We ask again: What could possibly go wrong?

Clip runs 4 minutes.

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