Simon Johson: Should Goldman Sachs be Broken Up as a “Too Big To Regulate” Monopoly?

Simon Johnson writes:

Increasingly, the issue of “too big to regulate” in the public interest is being brought up – an issue that has historically attracted the interest of the Department of Justice’s Antitrust Division in sectors other than finance. Should Goldman Sachs now be placed in this category?

Yes.

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  • If you have any doubts, check this out at ZH

  • There was no doubt as to who owns whom when GS was able to become a commercial bank in an afternoon and Walmart has been trying to open one for 5+ years.