On the recordDecember 20, 2012
as we continue to face enormous economic challenges and uncertainty, I rise to join with others in continuing to express concern about too-big-to-fail--a policy we saw clearly in large measure coming out of the 2008 crisis and a policy many of us think continues to this day and puts the American taxpayer and the American economy at great risk. This isn't a Republican concern or a Democratic concern; it is not just a conservative concern or a liberal concern. A lot of us on both sides of the aisle have this concern. A good example is a Democratic colleague I have been working closely with on these ideas--Senator Sherrod Brown of Ohio. We both serve on the Banking Committee. We disagree on a lot of issues outside and within the Banking Committee's jurisdiction, but we agree on some things too, including real concern about too-big-to-fail institutions and the continuation of the implicit policy of too-big-to-fail. That is why he and I have come together on a number of fronts related thereto, including legislation we can pass this week before we end this Congress that would simply authorize a study. It is an important GAO study about too-big-to-fail and those institutions. The idea is very simple.…
