Nomi Prins: No More 'Too Big To Fail'

Nomi Prins, a senior fellow at Demos, tells the Economic Policy Institute that in the year since the climax of the Wall Street economic meltdown the country's economy is even more vulnerable to "too big to fail" banks and their high-risk behavior. The fact that the banking sector is moving so quickly back to profitability, and to talk of big executive bonuses, while the Main Street economy remains so crippled is a reflection of how far behind the curve we've fallen in implementing a reform agenda.

Prins, whose new book, "It Takes a Pillage," has just been released, makes the case for breaking up "too-big-to-fail" banks and instituting a new Glass-Steagall act, which would reinstitute the wall between retail banking and investment businesses that was torn down by conservatives during the 1980s, leading to the creation of today's financial behemoths.