FTC WATCH | Angelides Urges Breaking Up the Big Banks

June 24, 2012 – Phil Angelides, the former chairman of the Financial Crisis Inquiry Commission that Congress and the President created to investigate the causes of the devastating financial crisis, has a bold prescription to ensure we never suffer through such a calamitous downturn again: launch a new era of trust-busting and break up the country’s mega-banks.“The concentration of power of these big banks has made our financial system less competitive, not more,” he said in a recent speech before the Center for National Policy…read more at FTC: Watch.