Clinton calls for breaking up too-big-to-fail banks as part of Wall Street plan

Hillary Clinton unveiled a plan that aims to tackle excessive risk-taking in the financial sector and calls for breaking up too-big-to-fail banks.

The proposal, laid out Thursday, would impose a risk fee on financial firms “that are too large and too risky to manage” and require them to reorganize, downsize or break apart, the Democratic presidential hopeful said.

“I have a plan to build on the progress we’ve made under President Obama and do just that,” Clinton said in a statement. “We can’t go back to the days when Wall Street could write its own rules.”

The announcement come in advance of Tuesday’s first Democratic presidential debate.

The proposals also called for raising the fines that regulators could impose on corporations and their executives, and imposing a new tax on high-frequency trading (HFT).

via Clinton calls for breaking up too-big-to-fail banks as part of Wall Street plan.

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