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Total moved out of big banks $934107
Too-Big-To-Fail Legislation Just Came Out
Posted by tiffiniy on Oct 27, 2009
"Financial Services Committee and Treasury Department Release Draft Legislation to Address Systemic Risk, “Too Big to Fail” Institutions"
Read the summary, analysis coming soon.
Seems like Rep. Frank is a pressure point as this bill is way better than suspected (at first glance) and he has been getting a lot of criticism for his flip-floppy nature, especially on bank reform.
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New laws should be put in place that end government support for companies becoming “too big to fail” and instead support jobs.
