Huge Banking Firms Pose Threat, Fed Wants to Bring Them Down

Snippet from source:

Dallas Federal Reserve Bank President Richard Fisher said today that he would advocate a plan to break up large firms that pose a systemic risk to the economy. While many policymakers in Washington believe that regulation needs to ensure that firms can fail, far fewer are willing to break them up to accomplish that end. Since there's still some possibility that the Fed will end up the systemic risk regulator, it matters if its leaders come out in support of breaking up too big to fail firms. Unfortunately, Fisher joins only a small minority of leaders at the Fed who support splitting up such firms.

source:
www.theatlantic.com...

Its about time. Look what has been happening to our country and look at those who are involved. You can trace senators, congressmen, and many of our other so-called-elites, who are driving the system into the ground. Lets hope that this is the beginning.



Edited 'All Caps' in title

[edit on 3/3/10 by masqua]