Just six years after a financial crisis that was caused by Wall Street, Congress has begun rolling back Wall Street reform, raising the risk that taxpayers will once again have to bail out the big banks.
Instead of passing laws that create new bailout opportunities for banks that have been deemed "Too Big to Fail," Congress should end the idea of "Too Big to Fail" once and for all. Elizabeth Warren has proposed strengthening Wall Street reform by bringing back provisions that Wall Street successfully fought against -- including rules that would break up big banks instead of using taxpayer money to bail them out.
Financial institutions have become so big and so powerful that they can hold the entire country hostage. That alone is a reason enough for us break them up. Enough is enough.
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