It's the usual suspects who stand to be affected by Fed Governor Tarullo's call to cap the size...
It's the usual suspects who stand to be affected by Fed Governor Tarullo's call to cap the size of banks' non-deposit liabilities. JPM, BAC, GS, and C all have ratios greater than 5% of U.S. GDP. Morgan Stanley (MS) and Wells Fargo (WFC) are substantially below. "This is a major new direction for the Fed," says Simon Johnson. "There is agreement across the political spectrum ... (the banks) should be made smaller and simpler."
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