What Banks Are in Danger in the SAFE Act?
The SAFE Banking Act proposed by Sens. Brown and Kaufman (which should be introduced soon as an amendment to the Senate financial regulation bill) answers the Too Big to Fail conundrum decisively by capping each bank’s deposits at 10% of total deposits in the country. That doesn’t hit many banks, since the country’s largest commercial bank, Bank of America, has about 12% of total deposits. But …
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