We are hearing more calls for breaking up the banking giant, this one from Rusty Cloutier, of MidSouth Bank, a regional institution.
Clouter, as CEO of a bank, obviously has an axe to grind, as the prospect of the banking giants getting massive bailouts makes it difficult for him to raise capital.
Right now, this doesn't seem to be on the agenda, but three weeks none of the very serious people in Washington DC were willing to discuss it as anything but a joke, but yesterday hell froze over, and Alan Greenspan, longtime friend of Ayn Rand, said that it was the least bad solution.
Hopefully, we will see this bubble up over the next few weeks/months.
H/t Calculated Risk
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