On Jan. 28, 2015, the Senate Judiciary Committee opens two days of hearings to consider President Obama's nomination of Loretta Lynch to be Attorney General of the United States. Here are some questions that senators should ask to make sure that size no longer shields a company from the rule of law.
Between the New Deal and the 1970s, Wall Street was tightly controlled. Taxes on the wealthy were high, worker wages were rising, and debt levels on consumers, companies and government were low. After finance wriggled free from these regulations private and public debt exploded, wages stalled, taxes on the rich fell and inequality soared.
Left behind from that intense period of TOO BIG TO FAIL were the questions of why institutions were allowed in the first place to get too big and what could/should have been done to prevent them from getting that big. The questions then that drew the most attention were more regulations about balance sheet management and regulation, not the many other serious questions of problems with gigantism.