Thomas Ramey Watson

3 Fronts in the Battle to Break Up the Banks

Posted by chrisbowers
June 14, 2010

This post originally appeared on Open Left.

One of the most disappointing outcomes in

the Wall Street reform fight to date was the resounding defeat of the Brown-Kaufman amendment to strictly limit the size

of large financial institutions.

To put it bluntly, the amendment would have broken up the big banks, thus reducing their almost unprecedented concentration of power and wealth (and the control over our democracy that comes with that concentration of power and wealth).

However, even though this sweeping amendment failed, a series of piecemeal efforts to break up the big banks continues.

Here are updates on three ongoing efforts that aim to reduce the size and power of our largest financial institutions:

Read article.

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