Breakup Goldman Sachs – Too Big To Fail Means Too Much Power

Editor’s Note: Mish Shedlock put out a piece titled Time To Breakup Goldman Sachs and I agree. I also agree it is time to breakup Citigroup and probably JP Morgan.

Here is the opening paragraph from Mish . . .

It’s time to breakup Goldman Sachs, Citigroup, and for that matter any bank or holding company deemed too big to fail. It’s not just the “too big to fail” hazard that is troubling, it’s also the power these corporations have and the potential to abuse that power that is also troubling.

Read the full article – Time To Breakup Goldman Sachs

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