Making Banks Small Enough And Simple Enough To Fail by Simon Johnson

Making Banks Small Enough And Simple Enough To Fail

by Simon Johnson

By Simon Johnson
Almost exactly two years ago, at the height of the Senate debate on financial reform, a serious attempt was made to impose a binding size constraint on our largest banks. That effort – sometimes referred to as the Brown-Kaufman amendment – received the support of 33 senators and failed on the floor of the Senate. (Here is some of my Economix coverage from the time.)