15
Oct
09

greenspan calls for ‘break-up’ of banks similar to break up of standard oil in 1911

this is good news…just hope it doesn’t crash market in process ;0.

excerpt: ““If they’re too big to fail, they’re too big,” Greenspan said today. “In 1911 we broke up Standard Oil — so what happened? The individual parts became more valuable than the whole. Maybe that’s what we need to do.””

http://www.bloomberg.com/apps/news?pid=email_en&sid=aJ8HPmNUfchg

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