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  • Graham and ...: 
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  • R.W. Wentworth & Co.
  It's the maverick who comes up with the best idea we've heard in a long time.

  Nov 06 01:30 PM | Link | Reply
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  • thopaine: 
  • Comments (8)
  fff

  Nov 06 01:35 PM | Link | Reply
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  • PCScipio: 
  • Comments (101)
  Super idea, but our venal congresspukes will never pass it.

  Nov 06 01:35 PM | Link | Reply
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  • kurtieboy: 
  • Comments (16)
  Great idea, but IMHO this has 0.9999% chance of passing.

  Nov 06 01:35 PM | Link | Reply
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  • thopaine: 
  • Comments (8)
  At least one of our elected bosses has some cojones,our president does not.

  Nov 06 01:36 PM | Link | Reply
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  • Silentz: 
  • Comments (43)
  Why not tack this onto the "Audit the Fed" bill? It's got about as much chance at passing. When push comes to shove, Congress knows who butters their bread and they'll find a way to weasel out of doing the right thing.

  Nov 06 01:40 PM | Link | Reply
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  • Righteous: 
  • Comments (7)
  •  • StockTalk (3)
  I'm not sure I'm fully on board with this one.
  
  90 days for Treasury to compile a list of banks is spot on. However, the Treasury needs to define mandatory minimum levels of liquidity for those banks deemed to big to fail. Then those banks have "x" amount of time to meet those liquidity requirements. If not, then break them up.

  Nov 06 01:45 PM | Link | Reply
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  • H.J. Huneycutt: 
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  • The Upward Society: Laying the Foundations for a Post-Oil Age Economy
  This is the best thing I've read all day.
  
  I doubt it'll pass, but I'd like to see some real discussion of this idea. Personally, I think one year might be too quick; probably should be phased in over the course of a few years, but either way, we need to end "too big to fail" which seems to be another way of saying "too big for taxpayers not to subsidize without wrecking havoc on the entire system."

  Nov 06 01:46 PM | Link | Reply
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  • MarketGuy: 
  • Comments (488)
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  How much you want to bet Sen Sanders campaign contributors list does NOT have banks on it. Unfortunately, he's a rarity in that dept, which makes this legislation a highly likely "dead proposal walking".
  
  I'm writing my congressman to tell him to suport the legislation.

  Nov 06 01:52 PM | Link | Reply
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  • elliotz: 
  • Comments (96)
  Great idea??? I think this is a preaty bad idea and a lame attempt by Sen Sanders to attract the populist vote. Someone please explain to me how this is a great idea to take JPM and split it into tiny banks? How is that a great idea for me as a shareholder of JPM and since when do we live in a country where the govt can come up with any stupid idea thats on that weeks agenda, write the legeslation and make it into law even though it ifringes on all sorts of rights.

  Nov 06 02:03 PM | Link | Reply
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  • Tack: 
  • Comments (381)
  Yeah, it's a great idea, another populist sap that would put U.S. banks and our nation at a huge competitive disadvantage against all the large multinational banks based elsewhere. How would all our nice, little parochial banks compete to finance huge multinational corporate deals and expansions? Answer: they wouldn't.
  
  In a large global economy you need large financiers to play ball. To pretend otherwise is foolish and self-destructive. That doesn't mean there should not be properly established and enforced regulations, but suggesting breaking up all large banks is just plain silly fodder for the indignant masses.
  
  While we're at it, why don't we go back to being an agrarian society and grow our own vegetables?

  Nov 06 02:07 PM | Link | Reply
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  • zorrow: 
  • Comments (64)
  Is it good to have a competitive disadvantage in a race to the bottom?

  Nov 06 02:17 PM | Link | Reply
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  • Tony Petroski: 
  • Comments (1716)
  •  • StockTalk (60)
  Did it have to be the socialist and did it have to take more than a year to finally get around to this matter?

  Nov 06 03:05 PM | Link | Reply
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  • john s. gordon: 
  • Comments (2136)
  growing our own vegetables is a wonderful idea.
  ripe tomatos fresh off the vine are best, unlike the styrofoam imitations that the big grocery chains offer.
  mr. sanders (who i am told is not a native vermonter but is a carpetbagger from some other state) at least has his head screwed on right.
  i am not a native vermonter either but my grandmother was born & raised in orwell & is buried there bless her heart.
  the reason there is so little governmental corruption in vermont is there isn't very much loose money lying around, the thieves go after the easy pickins on wall st.
  > jack

  Nov 07 11:08 AM | Link | Reply
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  • John Lounsbury: 
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  • John B Lounsbury CFP
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  • piedmonthudson.wordp...
  John - - -
  
  He may not have been born in Vermont, but he has lived there for years. I first heard of him when he was elected mayor of Burlington about 40 years ago. After that he was Vermont's sole member of the U.S. House of Representatives. I'm not sure how many years he has been in the Senate.
  
  You are correct. He may not be a real Vermonter if he was not born there. I lived in Vermont from age 6 to 21 and was always reminded by natives that I was not a "real Vermonter". That eventually does change, however. A few years ago when I visited my childhood home in the "Northeast Kingdom", several age 90+ surviving "real Vermonters" from my childhood told me that it was great when "real Vermonters" like me came home for visits. I guess it takes about half a century.
  
  On Nov 07 11:08 AM john s. gordon wrote:
  
  > growing our own vegetables is a wonderful idea.
  > ripe tomatos fresh off the vine are best, unlike the styrofoam imitations
  > that the big grocery chains offer.
  > mr. sanders (who i am told is not a native vermonter but is a carpetbagger
  > from some other state) at least has his head screwed on right.<br/>i
  > am not a native vermonter either but my grandmother was born &amp;
  > raised in orwell &amp; is buried there bless her heart.
  > the reason there is so little governmental corruption in vermont
  > is there isn't very much loose money lying around, the thieves go
  > after the easy pickins on wall st.

  Nov 07 02:32 PM | Link | Reply
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  • john s. gordon: 
  • Comments (2136)
  john -
  a toast to the once and future republic of vermont.
  > jack

  Nov 08 07:40 PM | Link | Reply