Opinion

August 15, 2012

Commentary: Let the free market break up the banks

Hey, let’s break up the big banks. Yeah! That would show those Wall Street fat cats and solve a lot of problems to boot — especially the risk that taxpayers could be tapped again in a panic under the “too big to fail” doctrine. The banks wouldn’t be too big, right? One reason we had the last crisis was deregulation, namely repeal of the Glass-Steagall law separating commercial and investment banking.

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