GregT

Big Banks: Still in Charge

The irony in this article suggesting that certain large banks like BofA should be split up to avoid the devastation their failure could cause is that it was the government "made" BofA complete it's takeover of Merrill Lynch in order to prevent a financial meltdown and would now be making BofA split itself up to avoid the potential for financial devastation.

We can't have it both ways. We can't use the healthy banks to buy the troubled banks when it is convenient and then turn around and say that the now combined bank is too large and must be split up.