If a bank is so large that it's collapse would result in a major economic Crash, should the government step in and split the bank up into smaller banks?
Hands off ( ͡° ʖ̯ ͡°)
Absolutely positively not. This is how a free market adjuster. To do otherwise not only postpones the problem but makes eventual correction worse than it would have been if nature had taken its course in the first place. As we will experience.
... probably sooner rather than later...
God no. Free market controls itself
Definitely. Because we learn from events in our very recent past, and adjust, rather than just doing the same stupid thing over and over and over again.
let it fail, FDIC will make the depositors good . . .
The gov and a bank that big are already in bed together.
Yes, but the fed is already split into 12 banks. Idk what else they could do to help it
"...all threats, foreign or domestic..."
Operative word = all.
That's an interesting way to look at it
It makes sense to me as a logical decision to protect our economy.
BUT I don't think the government should be able to force a company to get smaller.
Spin off operating units. Northeast bank dba Bank of America. Southeast bank dba BoA etc.