Description:Â A handful of Wall Street banks have become more powerful and influential during in the financial crisis. Simon Johnson, author of the new book “13 Bankers,” argues that minding banks too big to fail isn’t enough. He tells columnist David Weidner that big banks need to be broken up into pieces “small enough to fail.”
Source: Marketwatch.com – video report
Questions for discussion:
- Summarize the arguments presented by Simon Johnson?
- Do you agree with his recommendations for change to the banking industry?