Saturday, March 16, 2013

Break Up the Behemoth Banks | Common Dreams

Break Up the Behemoth Banks | Common Dreams
"Democratic Senator Sherrod Brown, fresh from his impressive re-election victory last fall, is back again with a simple, straightforward solution: make the big boys smaller. He is working on legislation with Republican Senator David Vitter to break up the half-dozen mega-banks and strengthen capital standards. This forced downsizing would make space in the marketplace, allowing many more midsize and smaller banking institutions to flourish. It could also protect the nation from another disastrous bailout of Wall Street at public expense."