Maybe we should have broken up the banks!
NY Fed Head To Banks: Clean Up Your Act Or Feds Will Break Up The Banks. No, This Time We Really Mean It
Without sweeping changes, William Dudley said, banks will force regulators to break up the biggest firms.
Democratic U.S. Sen. Elizabeth Warren grilled Federal Reserve Chairman Ben Bernanke on Tuesday over government policies that she said promote large financial institutions that are “too big to fail.”