One of the real-life Big Short guys says that financial reform is working and we should not break up the banks.
More than eight years after the financial crisis, many people say that the large banks still pose a threat to the economy and should be broken up. Such a view captures the justifiable anger many Americans still feel toward the large banks. But I don’t agree. Breaking up the banks would ignore the significant progress made by regulators to reduce the risks posed by these institutions, and it wouldn’t address what I believe is the central problem with the economy today.