Nearly eight years after the financial crisis, banks still dominate to the global economy. They are still complex, highly leveraged and politically powerful. The banks are still difficult at managing and supervising their rates. For those reasons, they remain a threat to the economy, and begin breaking up appeals to many voters, policy makers and politicians.

 In my perspective I think the banks need to look closer at the threats they should be concerned about and not the minor things. For example, in the distraction of a campaign for the Democratic presidential nomination, Senator Bernie Sanders has made breaking up the banks a central plank of his economic agenda. The idea has benefited in some ways. Smaller, more manageable banks would allow for better internal controls over ethical behavior and better regulatory oversight of risky business practices. Some may say they may seem as entrenched despite efforts to reform their current states.

The way it affects the world is by Dodd-Frank and his related regulations. They require big banks to hold considerably more capital now than they were required to hold before the crisis. The aim is to ensure that banks can absorb any losses they may generate. Instead of relying on taxpayers, they want them to pick up the bill. This will include all the banks in the United States. If this crisis begins to grow then we will not be able to trade with other countries. This issue then affects their rates as well. Therefore we can not provide what they are willing to give us and become very distraught.

Source: http://www.nytimes.com/2016/02/27/opinion/a-better-way-to-control-the-banks.html?ref=topics&_r=0