G-O-P contender wants to break up big banks - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather


  • Dean Stephens

    Email: dstephens@abcnews4.com Reporter Profile




G-O-P contender wants to break up big banks

Posted: Updated:

EXETER, N.H. (AP) -- Republican presidential contender Jon Huntsman has released a plan to break up the nation's biggest banks.

The former Utah governor says officials haven't done enough to protect against future taxpayer bailouts. He says too many banks are still considered "too big to fail."

Huntsman plans to discuss his financial overhaul plan with New Hampshire voters Monday night. Along with capping the size of banks, he wants larger financial institutions to pay fees to help cover any future bailouts.

Fearing a global financial meltdown, federal officials sent billions of dollars to large banks during the financial crisis.

Huntsman also wants to shut mortgage giants Freddie Mac and Fannie Mae and repeal the law, known as Dodd-Frank, that overhauled the financial system.

Powered by WorldNow

ABCNews4 WCIV-TV

888 Allbritton Dr.
Mt. Pleasant, SC 29464
843-881-4444 | Advertising Information

Public Information File

For assistance with accessing WCIV-TV's public information file, click here.

Advertising

Advertising Credit Application and Terms and Conditions PDF.

Powered by WorldNow
All content Copyright © 2014 WCIV and Worldnow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.