More Tarullo (previous): His proposal would cap banks' nondeposit liabilities at a fixed percentage of the U.S. economy. It's simple, he says, and ties the growth of financial firms to the growth of the economy. Legislation along similar lines was defeated in Congress in 2010, but has been resurrected. It's currently on ice until after the election.
More Tarullo (previous): His proposal would cap banks' nondeposit liabilities at a fixed...
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