Senator Vitter Speaks Out Against “Megabanks Too Big To Fail” (Video)
Senator David Vitter (R-La.), along with Senator Sherrod Brown (D-Ohio) spoke with Bloomberg Television’s Peter Cook about a Government Accountability Office report on bank subsidies, financial regulation, and proposed legislation impose a 15 percent capital requirement on the largest banks.
Both Senators Brown and Vitter stress that the GAO report bolsters case that “too big to fail” is still a problem. Vitter said: “I think this report is further ammunition that this is a continuing issue. Too big to fail is not dead and gone at all. It exists. The number goes up and down depending on the state of the economy, the state of risk, but it clearly exists.”
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