U.S. regulators should consider breaking up large financial institutions considered “too big to fail,” former Federal Reserve Chairman Alan Greenspan said.Nogen har vist dårlig samvittighed.
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 financial system, Greenspan told the Council on Foreign Relations in New York.
“If they’re too big to fail, they’re too big,” Greenspan said today. “In 1911 we broke up Standard Oil -- so what happened? The individual parts became more valuable than the whole. Maybe that’s what we need to do.”
Det er selvindlysende, at et firma, der ved sin størrelse alene er så vigtigt for resten af samfundet, at det må og skal reddes, hvis det er ved at gå ned, er for stort. Problemet, som jeg har forstået det, er at bankerne skylder hinanden så mange penge, at en enkelt banks sammenbrud (Lehman) kan vælte resten. Man har på en måde at gøre med en stor bank.
Det er også et problem, at vores politikere ikke synes dette er selvindlysende. Jeg tror, det ville være overmåde populært at slå Danske i stykker, men i stedet smider man 27 mia. kr i nakken på dem, så de kan køre videre som før.
(via)
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