To prevent the collapse of the global financial system in 2008, The Treasury committed 245 billion in taxpayer dollars to stabilize America’s banking institutions. Today, banks that were once “too big to fail” have only grown bigger. Were size and complexity at the root of the financial crisis, or do calls to break up the big banks ignore real benefits that only economies of scale can pass on to customers and investors? The debaters are Richard Fisher, Simon Johnson, Douglas Elliott, and Paul Salzman.
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