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Posted: 24 Jan 2013 07:15 AM PST
From
the New York Times “Too big to fail is too big to continue. The
megabanks have too much power in Washington and too much weight within
the financial system.” Who said this and when? The answer is Peggy
Noonan, the prominent conservative commentator, writing recently in The
Wall Street Journal. As Timothy F. Geithner prepares to leave the
Treasury Department, most assessments focus on how his policies affected
the economy. But his lasting legacy may be more political, contributing
to the creation of an issue that can now be seized either by the right
or the left. What should be done about the too-big-to-fail category of
financial institutions? Read More.The post The Legacy of Timothy Geithner – Simon Johnson appeared first on MIT Sloan Experts.
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