03:33 PM ET, October 6th, 2014

“ROOTS: OUR JOURNEYS HOME” kicks off Sunday, October 12th, with a two-hour primetime special airing Tuesday, October 21st at 9 pm ET Storytelling is at the core of what CNN does, and in a week-long series beginning Sunday, October 12th, thirteen of the network’s prominent hosts and anchors set out on a journey to find […] Full Post

May 14th, 2012
10:00 AM ET

Shelia Bair on JP Morgan fiasco: Financial institutions are 'too big to manage'

Sheila Bair, senior advisor for Pew Charitable Trusts and former FDIC chair, says financial institutions like JP Morgan are too large to manage and need to be smaller and simpler.

Bair states, "This is still a very serious issue. I think it does underscore that even with very good management these institutions are just too big to manage, and especially when dealing with very complex derivatives instruments trying to hedge risk in large securities trading books, even the best of managers can stumble. And so it does I think require, suggests smaller, simpler institutions, ones that have more focused management on particular business lines."

Starting Point with Soledad O'Brien airs weekday mornings from 7-9am ET on CNN.


Topics: CNN • Starting Point
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