# An op-ed by NYU Life Trustee & Chairman Emeritus Overseer Henry Kaufman on the future of big banks

1 School News June 5, 2012 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://online.wsj.com/article/SB10001424052702304707604577427941294873400.html?mod=googlenews_wsj) -- "As the trend continues—as the huge financial conglomerates operate under continuous and rigorous scrutiny—they will become financial public utilities. Meanwhile, the crucial job of competitively allocating credit will be relegated to a shrinking portion of the financial markets."

[Read more](http://online.wsj.com/article/SB10001424052702304707604577427941294873400.html?mod=googlenews_wsj)