Navigation

2013-02-04 — nytimes.com

FINALLY, there's the matter of Treasury's response to the weightiest issue of all: banks that are too large to succeed.

Back in 2010, Senator Sherrod Brown, Democrat of Ohio, and Mr. Kaufman were co-sponsors of the Safe Banking Act, which proposed placing tough limits on banks' size. If it had passed, it would have imposed a strict 10 percent cap on any bank holding company's share of United States deposits and set a 6 percent limit on leverage...

But it was not to be. Among the bill's most aggressive opponents was, yes, the Treasury.

go to full article | permalink to this | forum thread | | RSS | Subscribe by email!



Comments: Be the first to add a comment

add a comment | go to forum thread