Discuss the wisdom of having financial institutions that are recognized as ‘too big to fail’ and the moral hazard they present to the economy at large.
ECON 3 The commercial banking structure in the US has changed a great deal in the past 30 years. Today the market structure of banking is that of a small set of globally huge banking behemoths (Citigroup, Bank of America, Wells Fargo, JP/Chase, etc) and a much larger set of much smaller banks. The big … Read more