Splitting the Financial Giants It's Time To Break Up Massive Banks!

For decades, America's Glass-Steagall Act ensured a clean division of commercial and investment banking. But its repeal helped pave the way for the global financial crisis. Today politicians should restore the dual banking system to help ensure that banks that are too big to fail do not exist in the future.
Von Georg Mascolo
A demonstrator at a 2011 day of global protest in London: Banks should not be allowed to get too big to fail.

A demonstrator at a 2011 day of global protest in London: Banks should not be allowed to get too big to fail.

Foto: BEN STANSALL/ AFP
Georg Mascolo is editor in chief of DER SPIEGEL.