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Democratic Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’
Ohio Sen. Sherrod Brown (D) took the Senate floor today to argue against Wall Street mega-banks that have been deemed “too big to fail” and thus receive the implicit backing of the federal government, arguing that lawmakers should act immediately to break up the big banks that now have assets worth more than three-fifths of the American economy.
Ohio Sen. Sherrod Brown (D) took the Senate floor today to argue against Wall Street mega-banks that have been deemed “too big to fail” and thus receive the implicit backing of the federal government, arguing that lawmakers should act immediately to break up the big banks that now have assets worth more than three-fifths of the American economy.
Between Sherrod Brown and Elizabeth Warren, I sure hope we can get some traction on moving this along. Whining that we can't do anything about a bank that is too big to fail is basically saying that they are guaranteed backed with future taxpayer bailouts no matter how they perform their business.