U.S. Representative Campbell on Banking Legislation

U.S. Representative Campbell on Banking Legislation Play

Feb. 11 (Bloomberg) -- U.S. Representative John Campbell, a Republican from California, talks about his proposal to make big banks add a new layer of capital of at least 15% of subordinated long-term bonds, a move that could force "too big to fail" banks to contract. Campbell, speaking with Peter Cook on Bloomberg Television’s “In the Loop,” also talks about the outlook for automatic spending cuts set to begin March 1, if Congress can't agree on a deficit-reduction plan. (Source: Bloomberg)

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