A former chief economist for the International Monetary Fund - TopicsExpress

A former chief economist for the International Monetary Fund thinks one of the worlds biggest banks should be broken up immediately before taxpayers are put back on the hook to bail out the banks after the next crash. Simon Johnson says a new Glass-Steagall bill needs to be passed that breaks up investment banking from commercial banking to prevent customers accounts from eventually being seized when the banks bet big and lose.

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