NEWSMAX: …“Treasury will continue to monitor financial market indicators, such as bank borrowing costs, to understand the impacts of the rules implementing the Dodd-Frank Act, and to understand whether these reforms are effective in creating incentives for the largest, most complex firms to reduce their size and complexity,” Miller said in the letter to Warren.
Treasury Secretary Jacob J. Lew in July said that if too big to fail is not solved by the end of this year “we’re going to have to look at other options.” He didn’t elaborate on what alternatives President Barack Obama’s administration might consider.
Warren, with Senator John McCain, an Arizona Republican, and a bipartisan group of lawmakers have introduced a bill aimed at re-creating the Glass-Steagall Act, the Depression-era measure that separated commercial and investment banking… (more)
