Wall Street more powerful than before the crisis?

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A handful of Wall Street banks have become more powerful and influential during the financial crisis. Simon Johnson, co-author of the new book 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, argues that minding banks too big to fail isn’t enough. He tells WSJ columnist David Weidner that big banks need to be broken up into pieces “small enough to fail”.

Source: The Wall Street Journal, March 31, 2010.

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1 comment to Wall Street more powerful than before the crisis?

  • Brian H

    So, who’s going to regulate Dodd and Frank? They forced the banks to write poisoned paper in the first place.

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