NEW YORK AP - To keep taxpayers from having to bail out giant banks again, lawmakers faced two choices: design rules to try to prevent them from failing, or shrink them so that if they do fail, they won't threaten the financial system.Our political leaders chose the rules.At more than 2,000 pages, the new financial regulatory bill takes aim at everything from megabanks straddling the globe to street-corner payday lenders.
June 28, 2010 at 12:00 AM
1 minute read
NEW YORK AP – To keep taxpayers from having to bail out giant banks again, lawmakers faced two choices: design rules to try to prevent them from failing, or shrink them so that if they do fail, they won’t threaten the financial system.
Our political leaders chose the rules.
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