2012-10-11slate.com

``Daniel Tarullo's push for smaller banks is a telling sign of just how weak the landmark legislation's foundations have become. The man responsible for overseeing financial stress tests and the central bank's point person on regulatory matters embraced on Wednesday an old idea to shrink giant banks by limiting their non-deposit liabilities to a certain percentage of U.S. GDP. It's a simple yet blunt safeguard that would allow lenders to grow with the economy without endangering themselves or the rest of the financial system by becoming too large.

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