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Proposals In House Would Curb 'Too Big To Fail' Banks, Firms

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First Posted: 11- 9-09 11:26 PM   |   Updated: 11- 9-09 11:49 PM

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Read More: Bank Of America, Barney Frank, Chase, Democrats, Economy, Fed, Geithner, Hank Paulson, Henry Paulson, House, House Financial Services Committee, JP Morgan, JP Morgan Chase, Kanjorski, Larry Summers, Lobbying, Lobbyists, Metlife, Obama, Paulson, Prudential, Recession, Regulation, Republicans, Sec, Senate, Timothy Geithner, Too Big To Ail, Treasury, White House, Politics News
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Wall Street Journal:

Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn't damage the broader economy, a sign that lawmakers are responding to anti-Wall Street sentiment by toughening the administration's rewrite of finance rules.

Read the whole story: Wall Street Journal

Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn't damage the broader economy, a sign that lawmakers are respo...
Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn't damage the broader economy, a sign that lawmakers are respo...
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- ProAmericanLobbyist I'm a Fan of ProAmericanLobbyist permalink

Restore Glass Steagall !

No more taxpayer exposure to bank bailouts. Let them gamble with their own money. If their stckholders and investors want to support gambling managements, let them pay the tab.

The President and Congress are playing around and avoiding protecting the taxpayers.

Glass Steagall Now!!!

    Reply    Favorite    Flag as abusive Posted 06:44 PM on 11/10/2009

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