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.
