economics

January 26, 2010

Big, in Banks, Is in the Eye of the Beholder

Filed under: Uncategorized — ktetaichinh @ 4:47 am
Tags: , , , , ,

But shrinking the size of these companies may create other problems for the economy, particularly in this age of huge corporations.

If Pfizer, for example, needs to raise $20 billion for a takeover bid, or Verizon needs to raise billions to lay fiber optic cable for its FiOS service, they cannot efficiently go to 20 different community banks looking for the money.

http://www.nytimes.com/2010/01/19/business/19sorkin.html?ref=business

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