What would be the pros and cons of financial industry

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Reference no: EM133295048

Question:- The text notes that the financial industry represents the key exception to the general waning of conglomerates in the American economy. Several academics, and some politicians and regulators, have argued that large American financial institutions should be broken up - not unlike how AT&T, once the phone company, was broken up into smaller telecomunications companies. They argue this would reduce the risk of another Lehman-style financial crisis. What would be the advantages and drawbacks of such an appraoach? Do you agree with it? Why or why not? Does the reading on conglomoreates influence your thinking on this debate?

Reference no: EM133295048

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