Tuesday, December 8, 2009
Congressmen To Call For Break-Up Of Biggest Banks. Five House Democrats will call this week for a return to a Depression-era law that separated Wall Street investment banking from Main Street commercial banking. If adopted, the measure would give banks one year to choose between being commercial banks or investment banks. The nation's biggest -- those now commonly referred to as "too big to fail" - would be broken up. The Obama administration opposes the measure.
