Senate passes Vitter amendment barring federal aid for mega banks | NOLA.com: "WASHINGTON -- The Senate Friday night voted 99-0 for an amendment that would bar federal subsidies for what the sponsors referred to as "too-big-to-fail" mega banks. The amendment, one of dozens being considered Friday night to a Senate Democratic 2014 budget proposal, was offered by Sens. David Vitter, R-La., and Sherrod Brown, D-Ohio."
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"It's time we stop subsidizing risky Wall Street practices," Brown said. "We've seen how too big to fail is also too big to manage, too big to regulate, and too big to jail," Brown said. "Yet the biggest Wall Street megabanks are actually rewarded with a government guarantee by virtue of their size."
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