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Huntsman Offers Plan to Thwart Bank Bailouts While Cutting Rules

Republican presidential candidate Jon Huntsman Jr. released a plan yesterday to block future bank bailouts, in part by capping their size, and to eliminate “burdensome” financial regulations.

Huntsman’s proposals include ending “too big to fail” by setting a “hard cap” on bank size based on assets as a percentage of gross domestic product. He also would repeal the Dodd-Frank overhaul of financial regulations and maximize derivatives transparency, his campaign said in a statement.