1.3: Big Banks

Support the breakup of the big banks.

Other Information:

Four years after the economic and ethical failure of major financial institutions set off a cascade of national suffering, Republicans are still viewed as opponents of institutional reform. Here, Republicans need a touch of Teddy Roosevelt. America's five largest banks hold assets equal to 60 percent of our economy, a highly dangerous concentration and source of undue political power. These mega-banks—both "too big to fail" and "too complex to manage"—are the unnatural result of government subsidies, not market forces. By supporting the breakup of the big banks, Republicans would encourage competition and create a decentralized system more likely to survive future economic earthquakes.

Stakeholder(s):

• Banks

Indicator(s):

Indicator:1

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