NOURIEL ROUBINI BLOG tracks the media appearances of Dr Nouriel Roubini his interviews articles debates books news speeches conferences blogs etc..Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
Saturday, October 6, 2012
Roubini on the Banking System in the U.S.
Nouriel Roubini : "It is worse than before, because there has been massive
consolidation of the banking system in the United States, JPMorgan
took over Bear Stearns. Bank of America took over Countrywide and
Merrill Lynch. We had banks that were too big to fail before the
crisis and now they are even bigger to fail than before. There has
been mass consolidation. The problem has not gone away. The only
solution is to break up too big to fail banks. There is no other
alternative. We have to go back to Glass-Steagall." - in Bloomberg