Community Development Investment Review

August 2009

Could “Small Is Beautiful” Replace “Too Big to Fail?”


I encourage you to read “The Quiet Coup,” by Simon Johnson in the May 2009 issue of The Atlantic. Johnson is a former chief economist of the International Monetary Fund. Specifically, focus on the final section of the article, “The Way Out.” I was struck by Johnson’s discussion of the inherent problems of large-scale banks.

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