politico.com - 24 days ago
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Rep. Kanjorski proposes power to dismantle firms "too big to fail" even if they’re not financially at risk.
baselinescenario.com - 20 days ago
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baselinescenario.com —
A BILL To address the concept of ‘‘Too
Big To Fail’’ with respect to certain financial entities....
1 Be it enacted by the Senate and House of Representa- 2 tives of the United States of America in Congress assembled, 3 SECTION 1. SHORT TITLE. 4 ...
(more)
The Too Big to Fail, Too Big to Exist Act of 2009
msnbc.msn.com - 24 days ago
online.wsj.com - 19 days ago
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online.wsj.com —
Democrats are advancing proposals in Congress designed to
limit the size and complexity of financial companies so...
that any collapse wouldn't damage the broader economy.
(more)
Bills Would Set Limits on Big Firms
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Is Senator Shelby A Bank-Buster?
Wonk Room —
... Rep. Paul Kanjorski (D-PA) has turned some heads by proposing legislation that would give the federal government authority to break up any large financial institution that poses a systemic threat to the economy. According to Bloomberg News, Kanjorski is “coordinating with the European Union, which is forcing asset sales by state-aided banks to limit their advantage.” “Nowhere in the world in the future will there be gigantic tsunamis coming out of nowhere and striking the entire world’s economy,” Kanjorski said.
Under Kanjorski’s ...
Kanjo the trust buster
Gort42 —
... Politico: Rep. Paul Kanjorski (D-Penn.), a senior member of the Financial Services Committee, has proposed the most explosive provision so far in the debate over financial reform, seeking to empower federal regulators to preemptively break up financial firms deemed "too big to fail." ...
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What Does It Mean to Be Too Big to Fail?
meganmcardle.theatlantic.com 10/21/2009 — Economics of Contempt has an almost undescribably good post up on the problem of "To Big to Fail" resolution proposals. I was having dinner with a friend from business school last night, and we talked about this quite a bit--and the more we ...
Too Big to Fail Must Die
realclearpolitics.com 12 days ago — Rep. Paul Kanjorski, RealClearPolitics "Too big to fail" must die. I am preparing legislation to empower federal regulators to rein in and dismantle financial firms that are so large, inter-connected, or risky that their collapse would put ...
Sen. Enzi drops by, speaks at tax rally
gillettenewsrecord.com 9/3/2009 — Gillette residents had a chance to voice their concerns and opinions about cap-and-trade legislation Tuesday at an event in which even U.S. Sen. Mike Enzi, R-Wyo., stopped by to comment.
Too big to fail FAIL
krugman.blogs.nytimes.com 6/19/2009 — Too big to fail, even in 1982
I'm a big advocate of much strengthened financial regulation. One argument I don't buy, however, is that we should try to shrink financial institutions down to the point where nobody is too big to fail. Basically, it's ...
"Too Big to Fail" Policy (Warning: Long)
economicsofcontempt.blogspot.com 10/20/2009 — One thing I've been noticing is that many commentators on "too big to fail" (TBTF) policy have clearly never read the Obama administration's financial reform proposals , or at least have an extremely poor understanding of what the administration is ...
Obama Isn't Too Big to Fail
thenation.com 9/17/2009 — Robert Scheer A president has only so much capital to expend, and Barack Obama is dangerously overdrawn.
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