TOO BIG TO FAIL BANKS TO BE BROKEN UP

A bit of common sense is being shown by some MPs, who are recommending that TBTF banks should be broken up.

But they could go a bit further and take back the power to create money out of nothing.

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From http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7550187/Cross-party-support-among-MPs-for-break-up-of-big-banks.html


Cross-party support among MPs for break-up of big banks
A powerful cross-party Commission ordered to recommend financial reform to the next Government is set to propose a radical break-up of the City's biggest banks.


By Louise Armitstead
Published: 10:59PM BST 03 Apr 2010

David Davis, the Conservative MP and chairman of the Future of Banking Commission, told The Sunday Telegraph: "The report is not yet written but I agree with the principle of breaking up the banks, either in terms of size, or by utility.

"We have to do this even if the rest of the world won't follow too. And if bad banks leave the UK as a result, so what?"