U.S. Representative John Campbell said he plans to offer legislation intended to shrink too-big- to-fail banks by requiring them to hold more capital including long-term debt.
U.S. Representative John Campbell plans to offer legislation aimed at reducing the size of “too- big-to-fail” banks by requiring them to hold more capital including long-term debt.
A 2010 global agreement that gives emerging markets such as China a bigger say at the International Monetary Fund may be sent to Congress next month for approval needed to take effect, a lawmaker with an oversight role said.
Michele Bachmann , a Tea Party favorite and critic of government spending, took a pass. Utah Republican Jason Chaffetz opted out. California Republican John Campbell said no thanks.
"If they do not make some kind of deal in December, I think it's probably a ship that's sailed."
- John Campbell on Nov 12, 2014
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