Patrick McCarthy

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University of North Carolina at Chapel Hill
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Nationalize the banks
Patrick McCarthy, November 1, 2011 at 1:05 PM DT
I propose consolidating the current big banks into a single entity and nationalizing it, creating a nonprofit, credit union type National Bank of the United States, in which every citizen would be a "shareholder," without any priority shares, and rec...
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Banking Monopolies: Between 1990 and 2010, thirty-seven banking institutions were consolidated into four: Bank of America, Wells Fargo, Citigroup and JPMorgan Chase.
Patrick McCarthy, November 1, 2011 at 1:56 PM DT
Unfortunately, breaking up the big banks back into a greater number of smaller, local banks would inevitably again lead to the most successful of these banks purchasing and consolidating their weaker competitors into fewer, larger entities, and allow...
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Nationalize the banks.
Patrick McCarthy, October 31, 2011 at 11:52 AM DT
Breaking up the big banks into a greater number of smaller, local banks would inevitably lead to the most successful of these banks purchasing and consolidating their weaker competitors again into fewer, larger entities. I propose consolidating the c...
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