No. of Recommendations: 73
It seems the legislation Sherrod Brown(D) and David Vitter(R) are bout to introduce may actually be effective! The official title is "Terminating Bailouts for Taxpayer Fairness Act of 2013 Act". The Independent Community Bankers of America, or ICBA, is supporting it because it will level the playing field by removing the TBTF banks' subsidy.

Matt Taibbi is as colorful as ever<g>.

The S&P report, entitled "Brown-Vitter Bill: Game-Changing Regulation For U.S. Banks", is so incredibly hysterical in its tone that, reading it, one cannot help but deduce that people on Wall Street are genuinely afraid of this bill. The paper essentially hints that forcing banks to retain more capital could lead to world financial collapse, the onset of a new Ice Age, mammoths roaming Nebraska, etc.
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