On the recordApril 15, 2015
this motion is being offered by Senator Brown of Ohio. Our big banks are too big. The largest banks are now 38 percent larger than they were before the crisis. In terms of outstanding loans, one out of seven Americans is being pursued by a debt collector. U.S. banks are so big that the six largest financial institutions in this country today have assets of roughly $9.8 trillion, which is equivalent to 60 percent of the Nation's GDP. Being big and powerful is good for the banks and bad for this country. For example, Bloomberg says the too-big-to-fail subsidy is massive. By being big, they get huge subsidies. It amounts to $83 billion a year, and that is why I support this provision to stop too big to fail. The PRESIDING OFFICER. The Senator from Wyoming.
