Tuesday, February 26, 2013

Big banks are as risky as ever, economist warns

In an important new book due out next month, "The Bankers' New Clothes," the Stanford University economist warns that the U.S. banking system is as precarious today as it was before the 2008 housing crash. And given the vulnerability of the country's biggest banks, it won't take the kind of gale-force financial winds that blew down the global economy roughly four years ago to trigger another collapse.  Read more...  http://m.cbsnews.com/storysynopsis.rbml?pageType=moneywatch&catid=57570311&feed_id=76&videofeed=43

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