Keith Noreika

A debate among policy makers, regulators and consumer protection advocates rages today as to whether some banks are just too big. Size has been painted as an inherent sign of risk, villainized as anti-competitive and, worse, abusive of the American consumer. Some have called for breaking up the big banks for years and have made it a pillar of their campaigns. The Federal Reserve Bank of St. Louis even went so far as to explore the pros and cons of breaking up big banks.