Senators Warn GAO Not to Break the Banks

in 2014, Centers & Institutes in the News, Cornelius Hurley, Newsmakers, School of Law
April 22nd, 2014

hurley11-150x150The Fiscal Times
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

Big banks don’t have a lot of friends these days, but in a letter to the Government Accountability Office last week, Sens. Tom Carper (D-DE) and Mark Kirk (R-IL) showed that there are at least some people on Capitol Hill willing to stand up and make sure giant financial firms get a fair shake from the government…

Expert quote:

“The letter seeks to divert the GAO from its assigned specific task of measuring the benefit from being TBTF [too big to fail] into a much broader assessment of the efficacy of Dodd-Frank.”

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