Ever wonder how a regulatory regime with a mandate to break up banks that are "too big to fail" would operate? Every article I recall reading on the subject treats the question structurally -- that is, by addressing what activities a single financial entity should not be allowed to engage in simultaneously.
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A tailor's yard for cutting megabanks to size
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Ever wonder how a regulatory regime with a mandate to break up banks that are "too big to fail" would operate? Every article I recall reading on the subject treats the question structurally -- that is, by addressing what activities a single financial entity should not be allowed to engage in simultaneously.