# Professor Roy Smith evaluates presidential candidate Bernie Sanders' proposal to break up big banks

1 Faculty News January 5, 2016 ![Crain's New York logo](/sites/default/files/styles/246w/public/assets/images/con_031171.jpg?itok=74z5O7mn)>

Excerpt from [Crain's New York](http://www.crainsnewyork.com/article/20160105/BLOGS04/160109965/bernie-sanders-to-wall-street-banks-i-will-break-you-apart-in-a-year) -- "Breaking up the banks would be massively inefficient, [Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith) said, adding that 'you have a bigger chance of being run over by a stampede of wild buffalo on Fifth Avenue than this going through. ... If investment banking were to be spun off from the banks, it would mean all the banks could do 'is give you a house mortgage and an auto loan,' according to Smith."

[Read more](http://www.crainsnewyork.com/article/20160105/BLOGS04/160109965/bernie-sanders-to-wall-street-banks-i-will-break-you-apart-in-a-year)