Capital Institute Addresses the US Senate in Support of SAFE Banking Act

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Capital Institute Founder and President John Fullerton addressed the US Senate on Wednesday April 21, 2010, lending his voice in support of Senator Brown and Kaufman’s SAFE Banking Act.

Drawing upon years of experience as an executive at JP Morgan and Wall Street, Fullerton tackles the issue of excessive scale and leverage evident in the current system. Rejecting the notion of “orderly liquidation” of failed banks, he notes the systemic risk created by these practices are unacceptable and unnecessary and therefore supports placing limits as a “necessary” first step.

The letter in its entirety can be found here.

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