FINALLY, there's the matter of Treasury's response to the weightiest issue of all: banks that are too large to succeed.

Back in 2010, Senator Sherrod Brown, Democrat of Ohio, and Mr. Kaufman were co-sponsors of the Safe Banking Act, which proposed placing tough limits on banks' size. If it had passed, it would have imposed a strict 10 percent cap on any bank holding company's share of United States deposits and set a 6 percent limit on leverage...

But it was not to be. Among the bill's most aggressive opponents was, yes, the Treasury.

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