Too Big To Fail

If they’re [the banks are] too big to fail, they’re too big. In 1911 we broke up Standard Oil — so what happened? The individual parts became more valuable than the whole. Maybe that’s what we need to do.

~ Alan Greenspan (1926-03-06 age:91)

In nature, when a cell gets too big, it voluntarily splits in two. When a bee hive gets too big it voluntarily spits in two. Banks don’t have the sense to split without encouragement.