Instead, back smaller entities, ex-gov says in first Slate column
(NEWSER) - The government has doled out trillions in rescue funds, but “so far, we are simply rebuilding the same edifice that just collapsed,” writes newly-minted Slate columnist Eliot Spitzer. For years we’ve concentrated capital, creating gigantic “financial supermarkets” that attempted to provide every service for their customers. “That model has failed,” Spitzer concludes, and left us prey to the onerous “too big to fail” argument. More»
