Sens Call for Study Of 'Too Big To Fail' Bank Benefits

Law360, New York (January 2, 2013, 7:00 PM EST) -- A pair of U.S. senators who have been pushing for tougher treatment of so-called too big to fail banks asked a watchdog agency on Tuesday to review how the largest U.S. banks benefit from the perception that the federal government would bail them out.

Sen. David Vitter, R-La., and Sen. Sherrod Brown, D-Ohio, asked the U.S. Government Accountability Office to report on the potential subsidies that any bank with assets of $500 billion or larger receive “as a result of actual or perceived government support.”...
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