Breakup the Banks

In his new book Bailout, Neil Barofsky, former Special Inspector General for the TARP program, discusses the corruption intrinsic to our financial system and the government bailouts by the Bush and Obama Administrations.

One of his main conclusions, as echoed in many of my own class sessions: To end "too big to fail"...to safeguard our future...we must break up the banks and segregate their speculative and capital-formation functions.