House Proposal Would Allow Feds To Break Up Biggest Banks

Huffington Post by Shahien Nasiripour | Nov. 18, 2009 (News Report)

A key House Democrat released on Wednesday his much-awaited proposal to end "too big to fail": Let the federal government break them apart.

Paul Kanjorski's amendment would give federal regulators the authority to force the country's biggest financial firms or those that pose the biggest risk to the financial system to sell assets or entire divisions. Full Story »

Posted by Dwight Rousu

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Subjects: Business
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Posted by: Posted by Dwight Rousu - Nov 18, 2009 - 10:51 PM PST
Reviewed by: Dwight Rousu (review)
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Edited by: Dwight Rousu - Nov 18, 2009 - 10:53 PM PST

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Dwight Rousu
3.4
 by Dwight Rousu - Nov. 18, 2009

The initial volley to craft laws to allow breakup of banks that are too big to fail is reported, along with statements of opponents and proponents.

What is the legal status of the Sherman anti-trust laws? What effect do laws have if they are not enforced?

Dwight posted this story.
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