Today Senators Brown and Vitter renewed the call to break up the megabanks and end "too big to fail."
In the video above, Senator Vitter (R) outlines the reasons both parties should get behind the call, and in the video below Senator Brown (D) does the same.
Senator Brown also shared graphs showing just how large the megabanks have become:
That's trillions in dollars in assets and thousands of subsidiaries. Too big to fail and too big to manage.
What's more, Sen. Brown showed that according to European accounting standards (i.e. a level playing field), three US megabanks are the largest banks in the world:
It should be clear just from looking at these graphs and watching the videos why this renewed call to break up the banks matters, but if it's not, you can check out our detailed post about why it's crucial to break up the banks.