You are here

Break Up the Big Banks

 

Click here to see slideshow!

Wednesday, October 16, 2012

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?

Moderator

John Donvan, Author & Correspondent, ABC News

For

Richard Fisher, President and CEO, Federal Reserve Bank of Dallas 
Simon Johnson, Professor of Entrepreneurship, MIT

Against

Douglas Elliott, Fellow in Economic Studies, Brookings Institution 
Paul Saltzman, President, The Clearing House Association 

Watch the Debate

Follow Us Online

YouTube   Facebook

 

Join the Mailing List

Learn more about the program by subscribing to our email list.

Sign Up

Events

September 15, 2014

Blue Sky Lunch featuring Professor John Armour READ MORE

June 19, 2014

Jesse Greene, Richman Senior Fellow, speaks at NACD Directorship 2020: Future Trends and the Boardroom READ MORE

June 17, 2014

Jesse Greene, Richman Senior Fellow, speaks at "U.S. Cybercrime 2014: Understanding Today's Changing Threat Landscape," organized by Sandpiper Partners, LLC at the Yale Club in New York

May 15, 2014

Blue Sky Lunch featuring Michelle White on "Using Bankruptcy to Reduce Foreclosures" READ MORE

April 29. 2014

Public Lecture Series: A Discussion with Neal Soss, Chief Economist at Credit Suisse READ MORE

April 2, 2014

Intelligence Squared Debate: More Clicks, Fewer Bricks: The Lecture Hall is Obsolete READ MORE

 

NEW PUBLIC LECTURE SERIES

Martin Schroeter, Senior Vice President and CFO, Finance and Enterprise Transformation, IBM

Expand >

November 11, 2014

6:15pm-7:45pm

Rm 141, Uris Hall, Columbia Business School

< Collapse

New Public Lecture Series

Dave Bozeman, Senior VP at Caterpillar on “Improving US Competitiveness in the Manufacturing Sector"

Expand >

November 5, 2014

6:15pm-7:45pm

Rm 142, Uris Hall

Columbia Business School

< Collapse