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View Diary: Sen. Bernie Sanders to Introduce Bill to Break Up Too Big To Fail Banks (99 comments)

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  •  I hope Sen. Sanders and his drafting team will wor (5+ / 0-)

    k on the language with some help from some disaffected, frustrated folks at SEC and FTC and DOJ. Who will likely have some pretty good ideas of how to create language that at least will make the effers in the silk stocking law firms break a bit of a sweat when the civil investigative demands and warrants and complaints and indictments start arriving at the registered agents of the TBTFs. Who, if they are "confronted" with language like this,

    "any entity that has grown so large that its failure would have a catastrophic effect on the stability of either the financial system or the United States economy without substantial government assistance."
    There's enough definitional holes right there to drive a fully stuffed armored car through.

    "Is that all there is?" Peggy Lee.

    by jm214 on Thu Mar 28, 2013 at 05:30:35 PM PDT

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