05/10/2012 08:11 am ET

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

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.)

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