Sherrod Brown Goes After the Big Banks. He is introducing legislation, co-sponsored by GOP Senator David Vitter, to break up the half-dozen mega-banks, setting a hard cap on their size.
(The Nation) - In olden days, it used to be that the bad guys robbed the banks. Now it seems the bad guys are running the banks, at least the big ones, and robbing the rest of us. Nearly every day, newspapers have another disturbing report about how the largest and most influential banks managed to escape prosecution for their blatant fraud or else finagled outrageous subsidies and profits from their monopolistic dominance of the financial system. The worst that happens to privileged bankers who are “too big to fail” is an occasional scolding lecture from angry members of Congress.
Great gesture, I wonder if it will actually go anywhere.