Bank of America (BAC) is too big to fail, but one commentator says mega banks are not necessarily a bad thing. Instead, lenders of all sizes are needed to make the economy strive. Seeking Alpha elaborates on this viewpoint, saying:

The U.S. housing market was essentially a massive house of cards which inevitably had to come crashing down. Lehman Brothers, the first big bank to fail, was simply a victim of the crisis, not the cause of it. I posit if we break up the big U.S. banks we may solve the issue of the banks being too big to fail, yet make the banks too small to succeed in the process.

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Presidential candidate Mike Bloomberg wants to merge Fannie and Freddie

Mike Bloomberg, former mayor of New York City and latecomer in the Democratic race for the presidency, released his financial reform policy plan, and it has sweeping implications for the housing industry. He also announced he has big plans for mortgage giants Fannie Mae and Freddie Mac.

Feb 18, 2020 By
3d rendering of a row of luxury townhouses along a street

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