Big Banks’ Use of Bailouts Show Need for New Rules, Senators Say

Big banks’ disproportionate reliance on U.S. aid after the credit crisis reinforces the need for additional steps to ensure the end of too big to fail, Senators Sherrod Brown and David Vitter said.

Brown and Vitter, co-sponsors of a plan to impose a 15 percent capital requirement on the biggest lenders, commented after the release yesterday of a Government Accountability Office study that showed such firms made greater use of bailout programs introduced after markets collapsed in 2008.