Dennis Kelleher, president and CEO of Better Markets Inc., and “Viewpoint” host Eliot Spitzer discuss the enduring impact of the Great Recession. A recent Better Markets report estimates the current cost of the ongoing financial crisis at $12.8 trillion, ”as measured conservatively by last GDP.”
“There’s only one industry, and one part of that industry, that threatens the entire financial system of our country and our economy, and that’s the biggest too-big-to-fail banks on Wall Street,” Kelleher says. “They need to be brought down to a size and regulated in a way that they can no longer threaten the American taxpayers, which they are doing right now.”
