I found this pretty interesting on Richard A. Posners blog on theatlantic.com. In short, its about if its a good idea or not to break up some of the big banks to diffrent areas to possibly prevent another meltdown of our financial system. Personally, i dont think its a great idea. Everything is tied to together now, and seperating all of them would be extremely costly and somewhat risky. And a bank that focuses just on something such as savings accounts or something along those lines would generate very little income. I think if there was an actual well thought out solution it might work, but other than that, this seems like just an idea, nothing more.
Is it time? Already?
14 years ago
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