Are the Largest Banks Too Complex for Their Own Good? Via: Robo-signing, the London Whale and Libor Rate-Rigging: Are the Largest Banks Too Complex for Their Own Good?
Make that for anyone's good. The "narrow" bank he refers to is close to the Chicago Plan. The "death penalty" and nationalization without reselling it is also an option he, of course, didn't offer because not reselling it would be socialism and public banking and he'd be fired for saying that such socialized banking (even banking as a public utility where customers still pay fees) should be seriously considered.