Vitter and Brown say legislation necessary to stabilize big banks

04/23/2013 | Wall Street Journal, The

New legislation aimed at big banks isn't directed at breaking them up but is focused on providing more stability, say Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., authors of the bill. "There's a growing bipartisan consensus that 'too big to fail' is alive and well, that it's a problem, and more systemic reforms like looking at minimum capital standards is required," Vitter said.

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