Skip to main content

What We Do

November 6, 2012

May 9, 2012 – Senate Banking Committee Financial Institutions Subcommittee hearing entitled "Is Simple Better? Limiting Federal Support for Financial Institutions."

The three panel hearing focused on the feasibility of size and leverage ratios being applied to the nation’s larger financial institutions.

Former Fed Board Chairman, Paul Volcker, urged more certainty about the possibility of government financial assistance in the event a systemically important financial institution faces insolvency. He also spoke for immediate implementation of the so-called Volcker Rule, regulations to implement the Dodd/Frank prohibition on proprietary trading.

On the second panel, FDIC Board Member Thomas Hoenig,suggested a return to Glass-Steagall-like traditional banking activities. The Chicago Business School Professor, Randy Kroszer, urges additional cost/benefit analysis of regulations as the way to regulate a more stabile financial industry.

The third panel featured witness from the private sectors, including Better Market’s Chief Economist. Dr. Jasulic urged downsizing institutions by reduction of the amount of leverage a financial institution may lend at and the prompt implementation of the Volcker Rule.

Congressional Activities

Donate Today!

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today