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.