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APR 25, 2013 - Business Insider

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Why Politicians Think Now Is The Perfect Time To Shrink Wall Street Down To Size

Yesterday Senators Sherrod Brown (D-OH) and David Vitter (R-LA) presented a new bill that could seriously curtail the size of Wall Street banks. It's called the "Terminating Bailouts for Taxpayer Fairness" Act. The law is intended to eliminate what the lawmakers consider is a market preference for Wall Street megabanks. The market, they charge, knows that the American tax payer is on the hook for Wall Street excess. To change that, the law forces banks to hold a certain amount of capital depending on their balance sheet. Community/regional banks have to hold cash equivalent to 8% of assets ... Read More

Tags: Why Politicians Think Now Is The Perfect Time To Shrink Wall Street Down To Size,  Cpac Latest News