Warren Says Congress Should Act Now on Too Big to Fail Measure
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U.S. Senator Elizabeth Warren said banks remain too big to fail even amid the progress that has been made on financial regulation since the 2008 credit crisis.
“If Dodd-Frank gives the regulators the tools to end too big to fail, great -- end too big to fail,” Warren, a Massachusetts Democrat, said of the Wall Street rules overhaul in a Washington speech today. “If the regulators won’t end too big to fail, then Congress must act to protect our economy and prevent future crises.”