Bob Diamond and Jamie Dimon are two of the best bankers America has ever produced, and JP Morgan Chase and Barclays are among the great banks of the world. These facts might be lost in the current cacophony of public…
Tag Archive for breaking up the banks
could a warning be any plainer?
by lawrence baxter • • 3 Comments
Thomas Hoenig, President of the Federal Reserve Bank of Kansas City, in a speech to the Women in Housing and Finance, just said it again: Separate risk taking from the safety net. If too big to fail organizations cannot be…
financial macrophilia and shrinking the banks
by lawrence baxter • • 5 Comments
The big bank problem won’t go away anytime soon. There is a simple reason: financial institutions as huge and diversified as our modern universal banks are a persistently lurking threat to financial stability because if any one of them goes…
