More banks, fewer problems
Should we have more small banks, and not that much big ones? Is the question that Scott Shay is trying to answer in the next TED talk.
Scott Shay is a small banker with a big idea: No more big banks. The way he sees it, the bigger they are, the harder they fall and the bigger the global disaster they can leave in their wake. At TEDxWallStreet, he appeals for a massive break-up — spreading out the risk, diversifying the field, lowering the dependency and creating a more secure financial system overall.