Today, banks that were once “too big to fail” have only grown bigger, with JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and Goldman Sachs holding assets equal to over 50% of the U.S. economy. Were size and complexity at the root of the financial crisis, or do calls to break up the big banks ignore real benefits that only economies of scale can pass on to customers and investors? Hear my remarks on both sides of the debate.
I’m pleased to share that Intelligence Squared US will celebrate its 100th debate on Wednesday, February 11 at Kaufman Music Center. The motion is appropriate to the occasion as well: Declinists Be Damned: Bet On America.