Simon Johnson: 'Too Big To Fail' Banks Will Precipitate Another Meltdown

05/23/2010 05:12 am ET | Updated May 25, 2011
  • James Pressley bloomberg.com

[Alan] Greenspan the bank buster crops up near the end of "13 Bankers," Simon Johnson and James Kwak's reasoned look at how Wall Street became what they call "the American oligarchy," a group of megabanks whose economic power has given them political power. Unless these too-big-to-fail banks are broken up, they will trigger a second meltdown, the authors write.

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