Think the big banks should be broken up? You're in good company.
Published on May 17, 2013
If Republicans, Democrats, Independents, FDIC Chairs, Bankers, the Inspector General for TARP, Nobel Prize-winning economists, muckrakers, economics professors, Occupiers, and Tea Partiers all agree that the big banks should be broken up, you've got to think twice before disagreeing.
0:07 -- Bill Moyers (PBS) and Matt Taibbi (Rolling Stone discuss how little has changed since 2008.
0:27 -- Robert Reich (fmr Labor Sec) explains why we need to break up the biggest banks
0:47 -- Sandy Weill (CEO, Citigroup) explains why he wants the banks to be broken up
1:04 -- Byron Dorgan gives the successful history of breaking up the banks.
1:32 -- James Rickards lists the folks who allowed the banks to get big again.
1:41 -- James Komansky (fmr CEO, Merril Lynch) regrets his decision to allow banks to get big again.
1:57 -- Luigi Zingales (economist, Univ. of Chicago) on the danger of consolidated banks.
2:13 -- Sheila Bair (fmr FDIC Chair) on why she would like to see the banks broken back up.
2:18 -- Nassim Taleb (NYU professor) calls the big banks a "cartel."
2:30 -- Joseph Stiglitz (Nobel laureate, Columbia economist) on why we don't have ordinary capitalism when banks are so big.
2:40 -- Nouriel Roubini (NYU economist) "if institutions are too big to fail, they are too big."
2:54 -- Simon Johnson (MIT economist) wonders if bigger really is better.
3:18 -- Neil Barofsky (TARP inspector) explains exactly what needs to happen.
A few of the politicians who want to end TBTF
3:41 -- Elizabeth Warren
4:00 -- Bernie Sanders
4:17 -- Ted Kaufman
4:32 -- Sherrod Brown
4:44 -- (quotes Alan Greenspan)
4:50 -- David Vitter (quotes George Will and Maureen Dowd)
5:29 -- Robert Reich drives it home
5:42 -- Now what?
5:49 -- "After the Great Depression we broke up the banks. We should do that again."
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