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Dodd-Frank Made "Too Big To Fail" Worse - Now A GOP Lawmaker Proposes A Fix

Jeff6235 Wrote: Feb 20, 2013 11:59 AM
Fix it, by making a law that the government can not bail out any company, ever. Punishment is life in prison for any politician even suggesting a bail out.
Congressman John Campbell (R-Calif.) has introduced a bill that would enforce simple and easy regulations that Campbell says will end the problem of too-big-to-fail banks in the United States - a problem that has been exacerbated by the Dodd-Frank financial regulation passed in the wake of the financial crisis. The biggest banks are bigger than ever and potentially pose more risk than they did before the 2008 financial crisis.

Congressman Campbell's bill would raise capital requirements and require banks with more than $50 billion in assets to hold more "safe" assets like long-term bonds while repealing the "Volcker Rule"...