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Spitzer: Banks Are Too Big, Let Them Fail

Instead, back smaller entities, ex-gov says in first Slate column

By Kevin Spak, Newser Staff

Posted Dec 4, 2008 11:02 AM CST

(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... Read full story »

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Spitzer: Banks Are Too Big, Let Them Fail

Instead, back smaller entities, ex-gov says in first Slate column

Wall Street • Eliot Spitzer • bailout • investment banks • consolidation • financial crisis

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High-risk model hasn't changed, could lead to new crisis, says Reich

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Citigroup hasn't learned its lesson from financial crisis

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