Virtually All Independent Financial Experts Say that the Size of the Big Banks Is Hurting the Economy

Here’s my updated list of top financial experts saying that the giant banks are too big, and that their very size is hurting the economy:

  • Dean and professor of finance and economics at Columbia Business School, and chairman of the Council of Economic Advisers under President George W. Bush, R. Glenn Hubbard
  • Former Tarp overseer and creator of the Consumer Financial Protection Bureau, Elizabeth Warren
  • The leading monetary economist and co-author with Milton Friedman of the leading treatise on the Great Depression, Anna Schwartz
  • Economics professor and creator of the “efficient market hypothesis”, Eugene Fama
  • Economics professor and senior regulator during the S & L crisis, William K. Black
  • Professor of entrepreneurship and finance at the Chicago Booth School of Business, Luigi Zingales

To see why these experts say the giant banks need to be broken up, see the explanation here, after the list.

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