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Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street Highlight
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— Neil BarofskyAfter all, Paulson and Geithner hadn’t just saved the banks, they’d also preserved a status quo that was dangerously broken, and in so doing they might have actually increased the danger lurking in our financial architecture. For example, by encouraging the largest banks to acquire one another, they had made the too-big-to-fail banks even bigger, with the top five bank holding companies more than 20 percent larger in terms of assets than they had been before the crisis.
Replicated under Fair Use from Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street by Neil Barofsky. (Pg. 160)