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Attorney General Eric Holder's admission that some banks are effectively "too big to jail" continues to reverberate throughout the banking world, spurring a push-back from industry representatives and concern from House Financial Services Chair Jeb Hensarling.
March 11 -
Sens. Sherrod Brown, a liberal from Ohio, and David Vitter, a conservative from Louisiana, are an unlikely pair. But they have forged a working alliance and are committed to raising capital requirements on the biggest banks and reducing their size.
March 11 -
Attorney General Eric Holder's stunning admission that it was difficult to prosecute large banks because of the potential economic impact adds significant ammunition to those seeking to break up such institutions.
March 6
WASHINGTON — The House Financial Services Committee has a message for big banks: Do not pass go and do not collect $200.
The panel is circulating a satirical "get out of jail free" card styled after the board game Monopoly, following comments last week by Attorney General Eric Holder that confirmed an institution's size plays a role in deciding whether or not the agency prosecutes certain crimes. The candid remarks could prove a turning point in the drive to restructure or break up the country's largest institutions, as more lawmakers and regulators speak out on the issue.
"Your bank has been deemed 'too big to jail' by the U.S. Department of Justice. This card may be kept until 'too big to fail' is repealed," the yellow card says, displaying the iconic image of a winged Monopoly man flying out of a birdcage.
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