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View Full Version : Getting rid of too big to fail. Safe Banking Act of 2010



Burke
2nd May 2010, 22:59
Here is the legislation itself (http://kaufman.senate.gov/imo/media/doc/SAFE%20Banking%20Act%2020101.pdf)...only 20 pages instead of the normal 1500 page bills we normally see!

Here is a video discussing it:

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here is an article on it

Too Big To Fail" Bill Unveiled By Treasury Department, House Dems (http://www.huffingtonpost.com/2009/10/28/too-big-too-fail-bill-unv_n_336554.html)
The Treasury Department and the House Financial Services Committee chairman Barney Frank (D - Mass.) last night unveiled a sweeping new bill that attempts to rein in "too big to fail" financial institutions. The proposed legislation, its authors argue, would end the era of taxpayer bailouts for failed firms.

good news or bad?

pilotsimone
2nd May 2010, 23:00
At this point, how could any regulation on big banks be bad?