WASHINGTON Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., continued to press their case over "too big to fail" on Thursday, in the wake of a new government report that raises fresh questions about the size of a market subsidy for the largest institutions.
The Government Accountability Office study presents a mixed picture on whether investor perception favors big banks due to the assumption that the government would again bail out a major financial institution in a crisis. The report, released Thursday afternoon, suggests that any subsidy the biggest banks receive has declined or even reversed since the financial crisis though researchers also warn that the trend could again shift in a more challenging economy.
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