Senators ask GAO: Would banks "too big to fail" get rescued?

01/2/2013 | Bloomberg

The Government Accountability Office said it will look into any economic benefit that comes from being a bank deemed "too big to fail." Sens. David Vitter, R-La., and Sherrod Brown, D-Ohio, sought the investigation, concerned that banks such as JPMorgan Chase, Bank of America and Citigroup might be entitled to a bailout if they got into financial straits, something Congress wants to avoid.

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