Democratic presidential candidate Elizabeth Warren plans to introduce legislation that takes direct aim at bank mergers by forcing regulators to more closely scrutinize the wisdom of these deals
New York If big banks held marriage ceremonies to celebrate their mergers, Elizabeth Warren would be the first one to shout,"I object!"
Warren fears these tie-ups will create Too-Big-To-Fail institutions like those at the heart of the 2008 financial crisis. That's why the 2020 Democratic presidential candidate plans to introduce legislation that takes direct aim at bank mergers by forcing regulators to more closely scrutinize the wisdom of these deals.
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