While the rank and file economists seem comfortable with the idea the worst is behind us, that we are in recovery, and that TBTF is not a problem, the top of the profession sees things differently.
And, they want the megabanks downsized.
Here is a short list:
• Nobel prize-winning economist, Joseph Stiglitz
• Chairman of the Commons Treasury, John McFall
• Nobel prize-winning economist, Ed Prescott
• 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
• Deputy Treasury Secretary, Neal S. Wolin
• The President of the Independent Community Bankers of America, a Washington-based trade group with about 5,000 members, Camden R. Fine
• The head of the FDIC, Sheila Bair
• The leading monetary economist and co-author with Milton Friedman of the leading treatise on the Great Depression, Anna Schwartz
• Economics professor and senior regulator during the S & L crisis, William K. Black
• Economics professor, Nouriel Roubini
• Economist, Marc Faber
• Professor of entrepreneurship and finance at the Chicago Booth School of Business, Luigi Zingales
• Economics professor, Thomas F. Cooley
• Former investment banker, Philip Augar
Source: WASHINGTON’S BLOG
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