Economists say The Only Way to Save the Economy: Break Up the Giant, Insolvent Banks

The following top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion:

Nobel prize-winning economist, Joseph Stiglitz

Nobel prize-winning economist, Ed Prescott

Former chairman of the Federal Reserve, Alan Greenspan

Former chairman of the Federal Reserve, Paul Volcker

Former Secretary of Labor Robert Reich

Dean and professor of finance and economics at Columbia Business School, and chairman of the Council of Economic Advisers under President George W. Bush, R. Glenn Hubbard

Simon Johnson (and see this)

Former 20-year President of the Federal Reserve Bank of Kansas City, who was today nominated to be FDIC Vice Chair Thomas Hoenig (and see this)

President of the Federal Reserve Bank of Dallas, Richard Fisher (and see this)

President of the Federal Reserve Bank of St. Louis, Thomas Bullard

Deputy Treasury Secretary, Neal S. Wolin

The President of the Independent Community Bankers of America, a Washington-based trade group with about 5,000 members, Camden R. Fine

The Congressional panel overseeing the bailout (and see this)

The head of the FDIC, Sheila Bair

The head of the Bank of England, Mervyn King

The leading monetary economist and co-author with Milton Friedman of the leading treatise on the Great Depression, Anna Schwartz

Economics professor and senior regulator during the S & L crisis, William K. Black

Leading British economist, John Kay

Economics professor, Nouriel Roubini

Economist, Marc Faber

Professor of entrepreneurship and finance at the Chicago Booth School of Business, Luigi Zingales

Economics professor, Thomas F. Cooley

Economist Dean Baker

Economist Arnold Kling

Former investment banker, Philip Augar

Chairman of the Commons Treasury, John McFall

Pshhh what do a bunch of widely respective economists know about the economy? What they’re really saying is that we should cut taxes and environmental regulations! /sarcasm

-Joe