WASHINGTON Sen. Bernie Sanders, I-Vt., and Rep. Brad Sherman, D-Calif., reintroduced legislation Tuesday to break up the largest financial institutions.
The Too Big to Fail, Too Big To Exist Act would require the Treasury Department to identify within 90 days all financial services companies that would, if they failed, "have a catastrophic effect on the stability of either the financial system or the United States economy without substantial government assistance," and then break up them within a year.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access