Huffington Post: Sherrod Brown Teams Up With David Vitter To Break Up Big Banks

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Huffington Post: Sherrod Brown Teams Up With David Vitter To Break Up Big Banks

Multi-trillion dollar financial institutions continue to get richer, exerting more and more control over both America’s economy and its political system. The top 20 largest banks’ assets are nearly equal to the nation’s gross domestic product.

Now, Sen. Sherrod Brown (D-Ohio), along with unlikely ally Sen. David Vitter (R-La.), is launching an effort to break up the taxpayer-funded party on Wall Street.

“The best example is that 18 years ago, the largest six banks’ combined assets were 16 percent of GDP. Today they’re 64-65 percent of GDP,” Brown said. “So the large banks are getting bigger and bigger, partly because of the financial crisis, partly because of the advantages they have.”

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