Obama to break up banks

Putting a limit on the size of banks goes against the grain of our political and economic system. Whats next, break up Microsoft or maybe Google because they have become too powerful?

The issue with the banks was greed. This fuelled the credit frenzy that everyone got caught up in. Senior management responsible for letting their respective banks getting caught up in this are the ones that should be held accountable.

I agree with Obamas view that Banks should be stopped from huge speculative risks that the tax payer has to carry the can, but any future Banking CEO who authorises or considers going down this route in persuit of high risk high profits, should then be accountable when the bank collapses. There has to be some serious checks and balances put in place, a brakeman to curb the over zealous bankers speculation.

I dont see why tax payers money should be used again as a safety net. If RBS or Bank of America goes pop in the future, then tough. The problem this time was it was so incestious, the banks were propping up each others debt to the point of collapse.

The average Joe in the street needs to consider carefully where to bank their money. Credit is a cornerstone of our system, like it or loathe it. Maybe though some hard lessons have been learned, but I suspect not.

If the indvidual lives outside of their means, then it will end up in tears, and its indviduals responsibility to budget and manage credit. Nothing wrong with a few shiny things, just throw in a bit of common sense

Lets hope we dont see the banks living outside of their means in the future.