We hear financial experts — past and present members of the Federal Reserve, even Allan Greenspan — calling for breakup of the big banks that gave us the Great Meltdown. If we rid ourselves of banks-too-big-to-fail, we won’t have banks-too-big-to-fail to bail out again, they argue with impeccable logic. But we don’t hear Congress heeding […]
John Winslow
John Winslow is former counsel to the House Judiciary Committee and the author of Conglomerates Unlimited: Failure of Regulation (Indiana University Press).
Posted inPolitics
Jamie Dimon’s Raise Proves That The MegaBanks Need To Be Broken Up
First we learned last fall that the Justice Department had fined JPMorgan Chase shareholders $13 billion – that’s the largest fine in history – mainly for its sale of fraudulent residential mortgages, which helped wipe out the savings of millions of pensioners and was a major cause of the Great Recession. Then, a few months […]
