Breaking Up The Too Big To Fail Banks
This is interesting and sounds like it may happen. They want to prevent the mega mergers and the too big to fail companies.
In the world of banking, too-big-to-fail may be in the process of morphing into too-big-to-exist. After hundreds of billions in federal aid and even more in lost investment capital, both the government and investors may be ready for a big sea change. The only question, for some, is how quickly it will happen. “In the next few months, we’ll see the tacitly nationalized banks-Bank of America, Citigroup [C 4.02 0.21 (+5.51%) ] -sold off rapidly into pieces, turned into much smaller banks,” Sanders Morris Harris Group Chairman George Ball predicted on CNBC Thursday, adding the government wants to send a strong message, to “punish too-big-to-fail banks that have blotted their copy and not exonerate their management.”