Senators Brown, Kaufman File "Too Big To Fail" Amendment

Tyler Durden's picture

Senators Brown and Kaufman, who as we previously noted presented a "Too Big To Fail" amendment to the finreg bill, have now officially filed this proposal, whose primary purpose is to cap the size of the massive banking monoliths. It will be interesting to see who votes for and against this amendment to see just how far the long hand of Wall Street reached. Below is an FAQ on the proposed Size and Leverage Limits as proposed by the senators.


Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
jkruffin's picture

Geithner to face criminal charges?  Yea okay, they can't even fucking get Goldman Sachs in court,  how they gonna prosecute the ring leaders?

casino capitalism's picture

Time for everyone to see first hand just how captured the politicians are.

Stevm30's picture

Passing this won't fix a thing.

Dr. Richard Head's picture

I will have to agree with you Stevm30.  Political grandstanding is fun to do in front of the plebes.  The reason I have to agree with you is that Mr. "I VOTED FOR TARP TWICE AND WILL IGNORE CALLS TO AUDIT THE FED AND GOLDMAN SACHS IS ONE OF MY TOP POLITICAL CONTRIBUTORS THAT BOUGHT MY SEAT AT THE TABLE SO I OWE THEM A PLETHORA OF SNOWBALLING OPPORTUNITIES" Brown couldn't possibly bite the hands that feeds him.  Besides, no amount of government controls will EVER tame the monsters of collusion (Fed, Treasury, Congress).  What political hack would really want to end the circle jerk orgy of political contributions, bought regulators, and legislation written by the banks to regulate the banks? 

I believe Mr. Brown is hoping us Ohioans completely forget his stance on the bailouts and the 2,000 calls, emails, and visits a day for weeks to his office, 95% of which were against the wealth transfer of 2008.  I would, of course, expect my alleged assumptions of Mr. Brown and the cognitive dissonance of his constituents to be correct.  These guys are good I tell ya.

Mr Lennon Hendrix's picture

Give the banks 40 years of our taxes and then split 'em up.  Genius.  One side does the first step, the other the second.  Dems then Replubs.  Do you see?  Do you see what they are doing?  Then the smaller banks will be forced to make loans to keep their books up.  This will CAUSE HYPERINFLATION.  Both sides of Congress are in on the take.  Both sides!  There is no good guy.  They all hate you.  TRUST NO ONE.  Buy your own coin.  It is already too late to save the Federal Government.  Save yourselves.

A Nanny Moose's picture

If TBTF are broken up, who gets the bad parts? There will be bad parts.

Moonrajah's picture

I thought that was pretty obvious. The toxic parts will form a few institutions of which we the taxpayers be the proud owners, of course. Hey, wanna buy a bank from me?

Grand Supercycle's picture


Previously mentioned EURO buying support has returned...