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Malloch: How the Financial Crisis Led to More Powerful Banks

Less competition = more power for the big banks

By Brendan Byrnes – Jul 9, 2013 at 4:16PM EST

The Motley Fool recently sat down with Theodore Roosevelt Malloch, professor at Yale University and author of The End of Ethics and A Way Back: How To Fix A Fundamentally Broken Global Financial System. In the video below, we discuss competition in the marketplace. 

Dr. Malloch notes the ways that the 2008 recession hampered competition and resulted in more powerful banking institutions.

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About the Author

Brendan Byrnes
Brendan Byrnes is the Managing Director of Motley Fool Money, where he oversees business strategy and editorial operations. Since joining The Motley Fool in 2011, he has written hundreds of articles, provided market and investing analysis, and appeared on CNBC and FOX. Earlier in his career at The Motley Fool, Brendan interviewed leading executives and thought leaders across the investing and business landscape. He holds a degree in Finance from Virginia Tech.
TMFNiner

Stocks Mentioned

Goldman Sachs Group Stock Quote
Goldman Sachs Group
NYSE: GS
$866.93
(+1.39%)+$11.86

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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