The opposition against "too big to fail" is about to take a big step forward. On Wednesday, a bill intended to end the perception that some banks fit this description was introduced in the Senate. But with strong opposition against the movement, there remains a question about whether it stands any chance of success. In the video below, Motley Fool contributor John Maxfield discusses the legislative effort and assesses its odds of winning.
John Maxfield owns shares of Bank of America. The Motley Fool recommends Goldman Sachs and Wells Fargo. It owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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