Let’s Make Banking Scary Again

Elizabeth Warren argues for splitting commercial and investment banks on the grounds that “Banking should be boring”. Actually, dealing in huge sums of money is always going to be pretty interesting. The problem is getting the incentives right. “Much of the fear that should be part of banking has been wrung out of the system. Instead of making banking boring, how about making it scary again — for bankers and their shareholders?” (650 words)

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