Simon Johnson: Breaking Up The Banks

Simon Johnson: Breaking Up The Banks

On Wednesday, Senators Sherrod Brown and Ted Kaufman unveiled a "SAFE banking Act" with a clear and powerful purpose: Break up the big banks.

The proposal places hard leverage and size caps on financial institutions. It is well crafted, based on a great deal of hard thinking, and -- as reported on the front page of The New York Times this week -- the issue has the potential to draw a considerable amount of support.

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