I think the parent post is recommending an orderly breakup as opposed to a collapse where society is left to pick up the pieces. The issue comes back to foreig

I think the parent post is recommending an orderly breakup as opposed to a collapse where society is left to pick up the pieces. The issue comes back to foreign competition. As much as Glass-Steagall made sense to some, it was repealed because US banks faced increasing competition from European banks that were able to bundle advisory with retail bank deposits. Unless everyone takes similar position globally (or we block foreign bank access to our markets) it’s hard to justify a handicap on the home team.