Brooksley Born Urges Bank Breakups to Help End Too Big to Fail

If you've never heard of Brooksley Born, be sure to google her name and make sure you watch "The Warning" by Frontline.

SF Gate-

Brooksley Born, whose effort to regulate over-the-counter derivatives was thwarted in the 1990s, said large lenders should be broken up to separate their investment and commercial banking activities.

Banks must be “tasked with the job of deciding how best to split themselves up” under the supervision of regulators, Born, former chairman of the Commodity Futures Trading Commission, told reporters in Washington today. “There should be rules imposed, perhaps something like Glass-Steagall.”

[SF GATE]