WASHINGTON ¨C Last month, an unlikely pair of senators ¡ª Sherrod Brown, an Ohio Democrat, and David Vitter, a Louisiana Republican ¡ª introduced a non-binding resolution calling for the end of the implicit subsidies that ¡°too big to fail¡± (TBTF) banks enjoy.
The Senate voted 99-0 in support of the measure.
This month, they have pushed their ideas into actual legislation: They introduced a bill called the ¡°Terminating Bailouts for Taxpayer Fairness (TBTF) Act of 2013.¡± This bipartisan legislation would help eliminate the government subsidies that put taxpayers at risk and also give the largest U.S. banks an advantage over their smaller competitors.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.