Podcast

Breaking Up (Big Banks) Is Hard To Do

halloween reveler

The scariest thing this Halloween -- the economy. Steve Rhodes/Planet Money Flickr pool hide caption

itoggle caption Steve Rhodes/Planet Money Flickr pool

Listen

Loading…

On today's Planet Money:

Economist and Planet Money regular Simon Johnson thinks it's time to break up the big banks. Simon says the current regulations aren't enough to prevent another crisis and we need to do something more drastic. Former head of the Federal Reserve, Paul Volcker and Mervyn King, head of the British central bank, agree, but that hasn't convinced Martin Baily of the Brookings Institution. Baily, who was chairman of the Council of Economic Advisers during the Clinton administration, is worried about the unintended consequences of bad regulation. He says the risk simply isn't worth it.

Download the podcast; or subscribe. Music: Fun.'s "Light A Roman Candle With Me." Find us: Twitter/ Facebook/ Flickr.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.