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Back to To the Point

To the Point

Is It Time to Bust the Trusts Again?

In a major shift from his days as head of the Federal Reserve, even Alan Greenspan said last week that it's time to break up those banks and brokerages that are "too big to fail."  The financial giants are handing out billions in bonuses again, and they've spent $224 million lobbying against efforts to regulate excessive risk.

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By Warren Olney • May 12, 2014 • 1 min read

In a major shift from his days as head of the Federal Reserve, even Alan Greenspan said last week that it's time to break up those banks and brokerages that are "too big to fail." The financial giants are handing out billions in bonuses again, and they've spent $224 million lobbying against efforts to regulate excessive risk. But their critics insist they're the ones who brought the global financial system to the brink of collapse. Ninety-nine smaller banks have failed during this year alone. Citibank and Bank of America aren't doing so well. If the financial system isn't repaired, will it be taxpayer-bailout time all over again?

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    Warren Olney

    former KCRW broadcaster

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    Christian Bordal

    Managing Producer, Greater LA

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    Andrea Brody

    Senior Producer, KCRW's Life Examined and To the Point podcast

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    Karen Radziner

    Managing Producer, To the Point & Which Way LA?

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    Sudeep Reddy

    Wall Street Journal

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    Barry Ritholtz

    Fusion IQ

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    David Hirschmann

    Senior Vice President, US Chamber of Commerce

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