Greenspan Finally Agrees with Rushkoff!

Greenspan Says U.S. Should Consider Breaking Up Large Banks

By Michael McKee and Scott Lanman

Oct. 15 (Bloomberg) — U.S. regulators should consider breaking up large financial institutions considered "too big to fail," former Federal Reserve Chairman Alan Greenspan said.

Those banks have an implicit subsidy allowing them to borrow at lower cost because lenders believe the government will always step in to guarantee their obligations. That squeezes out competition and creates a danger to the...