2012-10-11marketwatch.com

Bank executives kept their pay, he noted, counterparties and creditors were made whole, and the too-big-to-fail banks were not only kept whole but even made stronger: today, they are 20% to 25% bigger, he noted.

The big banks today are essentially government-sponsored entities -- they function outside the market, according to Barofsky.



Comments: Be the first to add a comment

add a comment | go to forum thread