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Break Up the Big Banks
To prevent the collapse of the global financial system in 2008, 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, with JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and Goldman Sachs holding assets equal to over 50% of the U.S. economy. 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?
John Donvan, Author & Correspondent, ABC News
Richard Fisher, President and CEO, Federal Reserve Bank of Dallas
Simon Johnson, Professor of Entrepreneurship, MIT
Douglas Elliott, Fellow in Economic Studies, Brookings Institution
Paul Saltzman, President, The Clearing House Association
Watch the Debate
In the Media
November 18, 2014Dean R. Glenn Hubbard on "Why the Internet Won't Kill B-Schools"
November 4, 2014Dean R. Glenn Hubbard on Process before Policy
October 9, 2014John C. Coffee, Jr. Testifies before SEC Committee
October 2, 2014Chris Mayer on Easy Lending for Landlords
September 23, 2014John C. Coffee, Jr. on Damages in Arab Bank Case
September 19, 2014Chris Mayer on Reverse Mortgages in Estate Planning
August 29, 2014Edward R. Morrison rejoins Columbia Law School faculty
August 28, 2014C. Scott Hemphill on "I Have A Dream" copyright protection
July 16, 2014Chris Mayer on how "Homeownership Equals Stability"
February 15, 2014Bruce Raynor and Richman Center Senior Fellow Andrew Stern offers perspective on the future of of the Democratic party in The Washington Post
January 23, 2014The Washington Post interviews Christopher Mayer, Co-Director of the Richman Center on the progress of the government’s Home Affordable Refinance Program
January 2, 2014The Washington Post interviews Christopher Mayer, Co-Director of the Richman Center on the progress of the government’s Home Affordable Refinance Program
December 30, 2014Christopher Mayer, Co-Director of the Richman Center, discusses the results of the Home Affordable Refinance Program on The Wall Street Journal
Dave Bozeman, SVP Catepillar Enterprise, on "U.S. Competitiveness in the Manufacturing Sector"
Video to come!
Analyzing Global Financial Stability: "Have we Tamed the Too Big To Fail Financial Institutions?"
The Richard Paul Richman Center for
Business, Law, and Public Policy
Columbia Business School
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