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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSherrod Brown is taking a real run at the big banks … and the White House.
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Its clear theres too much Wall Street in this administration, he told me during a Thursday interview in his Capitol Hill office.
Obamas Treasury department is just as unfriendly to the idea of breaking up big banks, or limiting their destructive potential, under Jack Lew as it was under Timothy Geithner, Brown said.
He was particularly unhappy with a recent speech in which Treasury undersecretary for domestic finance Mary Miller argued that the Dodd-Frank Wall Street reform bill already addressed the Too Big To Fail problem.
But Brown, and strange bedfellow Sen. David Vitter (R-LA), are pressing ahead anyhow with a new bill to impose much stricter capital requirements on megabanks, which they define as institutions with over $500 billion in assets.
http://tpmdc.talkingpointsmemo.com/2013/04/sherrod-brown-takes-on-megabanks----and-the-obama-administration.php?ref=fpblg
ananda
(28,860 posts)..
AndyA
(16,993 posts)Elizabeth Warren is keeping the bankers under pressure as well. It's about time a few capable people went after them since President Obama and his Attorney General apparently don't care.
Melinda
(5,465 posts)FarCenter
(19,429 posts)BrotherIvan
(9,126 posts)I heard they were not pleased.
Enrique
(27,461 posts)colsohlibgal
(5,275 posts)Sherrod is taking it up a notch and I love it. Apologists and the "13 dimensional chess" types drive me about as nuts as the wackadoodles on the right.
We need more populist firebrands in the Senate to join Sherrod and Elizabeth Warren, if we can get Schweitzer in for Baucus in Montana that will be another populist in replacing top DINO K Street Max Baucus.