Wednesday, April 22, 2009

Economists see advantages in breaking up huge banks

Economists see advantages in breaking up huge banks

The idea of breaking up the biggest financial companies in the U.S. into smaller entities, which would have problems that are easier to spot, diagnose and fix, is gaining support from world-famous economists. Nobel Prize-winning economist Joseph Stiglitz said the country has "little to lose, and much to gain, by breaking up these behemoths, which are not just too big to fail but also too big to save
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