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Simon Johnson: Idea Of Big Bank Breakup 'Continues To Gain Traction'

The New York Times  |  By Simon Johnson  |  Posted: 05/10/2012 8:11 am Updated: 05/10/2012 8:11 am

Bank Of America Dirma Rodriguez

The New York Times:

Almost exactly two years ago, at the height of the Senate debate on financial reform, a serious attempt was made to impose a binding size constraint on our largest banks. That effort — sometimes referred to as the Brown-Kaufman amendment — received the support of 33 senators and failed on the floor of the Senate. (Here is some of my Economix coverage from the time.)

Read the whole story at The New York Times

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Filed by Maxwell Strachan  |