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Last updated 5:09AM ET
November 26, 2020
WFCR Local Features
WFCR Local Features
Bestselling Amherst MA Author Wants a Wall Street Game-Change
(2010-04-21)
(wfcr) - Amherst, Massachusetts resident James Kwak is the co-author with MIT economist Simon Johnson of a new bestseller, "13 Bankers." Just as Congress is set to consider Connecticut Senator Christopher Dodd's finance reform bill, they propose ways to prevent another financial meltdown. The chief recommendation is to impose real limits on just how big banks can get - and how much risk they can take on. Kwak told WFCR's Fred Bever that the nation's biggest banks have become the "New American Oligarchy." © Copyright 2020, wfcr