Backer: bill busts bailouts

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“Too-big-to-fail” legislation unveiled in Washington yesterday is needed to rein in the biggest US banks because Dodd-Frank has failed to guard taxpayers against future bailouts, the bill’s sponsors said. The four largest banks — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — “are nearly $2 trillion larger than they… …read more
Source: NY Post

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