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Case Against Breaking Up the Mega-Banks

Monday, May 24, 2010 - 7:18 PM
I just noticed this vox blog post mentioned at the NYT Economix Blog:
Many commentators have called for regulation to prevent banks from becoming “too big to fail”. This column adds a cautionary note. A world with only small and domestic banks is no safer. The key benefit of multinational banks – being able to mobilise funds across countries – could still be extremely useful for maintaining stability in times of distress.
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Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
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