Treasury Secretary Timothy Geithner on PBS late Thursday said that President Obama doesn’t really want to break up the banks. But one of the authors of a report that looks at the impact of increased consolidation in the banking sector says that Geithner’s resistance to breaking up the banks is wrong.
“I think we should be talking about downsizing the banks,” says James Lardner, a senior policy analyst at Demos and the author, with Nomi Prins, of “Bigger Banks, Riskier Banks: Thge Post-Bailout Continuation of a Pre-Bailout Trend,” which crisply chronicles how the banking sector has changed in the months since the Wall Street collapse and subsequent bailout.
