Following the 2008 banking crisis, many commentators have called for the breakup of America’s megabanks, which they see as too powerful and untouchable. Research analyst Patrick Sims disagrees. He believes the US’s big banks are too valuable to society to dismantle. getAbstract recommends Sims’s simple, well-argued – if somewhat one-sided – text to regulators and to individuals with a stake in the makeup of the financial sector.
In this summary, you will learn
- Why America’s megabanks are valuable to the global economy,
- Why those big banks are safer now than ever before and
- What institutions are poised to usurp the US's large banks should they fragment.
About the Author
Patrick Sims is director at Hamilton Place Strategies, a policy consulting firm.