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“If an institution is too big to fail, it is too big to exist. We should break them up so they are no longer in a position to bring down the entire economy.” “It’s the natural action of capital to grow and exceed. Full Article at The Big Picture
Related Articles
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A BILL To address the concept of ‘‘Too Big To Fail’’ with respect to certain financial entities. 1 Be it enacted by the Senate and House of Representa- 2 tives of the United States of America in Congress assembled, 3 SECTION 1. Full Article at ETF Investor
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Barack Obama's presidential campaign was a fundraising juggernaut that changed all expectations about how much cash candidates might collect, especially over the Internet. Full Article at NPR
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WASHINGTON (Reuters) - Senator Bernie Sanders on Friday introduced legislation that would make the U.S. Treasury Department identify and break up financial institutions that are "too big to fail." Full Article at ABC News
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WASHINGTON — Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you're a first-time homebuyer, get up to $8,000. Full Article at Fort Worth Star-Telegram
Related Quotes
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It's the natural action of capital to grow and exceed. Now we're going to contain it
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Goldman Sachs has done irreparable harm to this economy
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If an institution is too big to fail, it is too big to exist ... We should end the concentration of ownership that has resulted in just four huge financial institutions holding half the mortgages in America, controlling two-thirds of the credit cards and amassing 40 percent of all deposits.
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Any time an institution is considered a threat to systemic stability it will be hit with restraints that will include increased capital and restriction on certain activities and maybe a case-by-case imposition of Glass Steagal
