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Senator Seeks to Break Up Banks 'Too Big to Fail'
Senator Seeks to Break Up Banks 'Too Big to Fail'
Senator Bernard Sanders of Vermont has introduced legislation that would force the Treasury Department to break up all financial institutions whose failure could cause a major disruption to the nation's financial system.
Petition: U.S. Senator Bernie Sanders (Vermont)
sanders.senate.gov — Too Big to Fail is Too Big to Exist Financial institutions that are too big to fail played a major role in undermining the American economy and driving our country into a severe recession. Financial institutions that are too big to fail put taxpayers ... (more) Petition: U.S. Senator Bernie Sanders (Vermont)
The Real Choice on Too Big to Fail
baselinescenario.com — Gillian Tett has an article criticizing the idea that CoCos — contingent convertible bonds — will solve the “too big to fail” problem. (And yes, she calls it “too big to fail,” even though Gillian Tett of all people understands what interconnectedness ... (more) The Real Choice on Too Big to Fail
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Too Big To Fail
self-evident — ... printing trillions of dollars and dumping them in bank vaults is the opposite of limited government. … This is not about Democrats or Republicans. It is not about Barack Obama or George Bush or Glenn Beck or Keith Olbermann or Sarah Palin or even Nancy Pelosi. This is about the financiers versus everybody else. And we are losing, badly. Now I am going to say something I never dreamed I would say: God bless Bernie Sanders. Senator Seeks to Break Up Banks ‘Too Big to Fail’ Senator Bernard Sanders, the ...

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