A close reading of the Senate and House versions of financial reform legislation raises doubts...

|By:, SA News Editor

A close reading of the Senate and House versions of financial reform legislation raises doubts about whether they can protect taxpayers from too-big-to-fail financial institutions, NYT’s Andrew Ross Sorkin writes. Rather than pre-emptively breaking up any big banks or imposing any tax based on size, the bills focus on mitigating the disaster once it happens.