As Bloomberg notes:Federal Reserve Bank of Dallas President Richard Fisher called for an international pact to break up banks whose collapse would threaten the financial system, a position that goes beyond other Fed officials.While the international as…
Posts Tagged ‘John McFallOthers’
Top Economists Say We Must Break Up the Insolvent Banks (Government Says Let’s Make Them Bigger)
September 11th, 2009 |
No Comments
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:Nobel prize-winning economist, Joseph StiglitzNobel prize-winning economist, Ed Prescott De…