naked capitalism Mon 2009-09-14 12:13 EDT
Top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion. Arguments by defenders of the too-big-to-fails are shown unpersuasive.
naked capitalism Sun 2009-09-13 12:26 EDT
The following top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion: Joseph Stiglitz, Ed Prescott, R. Glenn Hubbard, Simon Johnson, Thomas Hoenig, Neal S. Wolin, Sheila Bair, Anna Schwartz, William K. Black, et al...And yet, the top economic policy makers (Summer, Geithner and Bernanke)...don't want to break up the insolvent giants or even keep them from growing, don't want to reinstate Glass-Steagall, and want to let the banks keep using their same inaccurate models, overseen by the same spineless regulators.
bigger; break; Government Says Let's Make; Guest Post; insolvent banks; naked capitalism; Top economist says.
