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A new paradigm for a post-imperial world

US banks still pose ‘nuclear’ threat to economy

Posted by seumasach on February 17, 2016

Another solution, he said, was to turn the big banks into public utilities by “forcing them to hold so much capital that they virtually can’t fail”.

Architect of 2008 bailout says US banks still pose ‘nuclear’ threat to economy


16th February, 2016

America’s biggest banks present a “nuclear” threat to the US economy and should be broken up, a Federal Reserve policymaker and architect of the 2008 banking bailout said Tuesday.

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