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How to prevent future recessions in U.S. — Break up the banks

April 21st, 2009 by Michelle

Simon Johnson is a senior fellow at the Peterson Institute and a professor at MIT’s Sloan School of Management. He said that breaking up “too big to fail” banks, using anti-trust laws, is the way to go. Although this idea may rattle some people, I think this is a reasonable solution to prevent the re-occurrence of current mess. According to Mr. Johnson, “too big to fail is too big to exist”. Good catchy phrase! See his video interview in Tech Ticker to get more on his views.

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