Nothing is too big to fail!
GOP senators to Treasury: End ‘too big to fail’ for non-banks
Republicans on the Senate Banking Committee asked Treasury Secretary Steven Mnuchin on Tuesday to end the process of deeming non-bank financial institutions “too big to fail.” Ten of the Banking panel’s 12 Republicans wrote to Mnuchin, asking him to freeze the Financial Stability Oversight Council’s (FSOC) ability to classify as “systemically important financial institutions” any organization that isn’t a bank.