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Towards Partition

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What should be done about the banks?  With a Senate bill headed for a test vote on a procedural matter Monday, a long-simmering debate may finally be coming to a head. Break up the biggest American banks, which have mushroomed in recent years?  Or leave them as they are and write some new rules for them?  Not since the antiwar movement of the mid-1960s has so great a chasm loomed between the policy elite in Washington and New York and popular sentiment – or at least that’s my hunch. (There’s a fair amount of evidence of this in various polls.)