Video - CNBC.com
Looks like they are going to break up the banks. BOA, Citi, AIG capitol,
Sen Shelby says they are too large to regulate
"Regulatory reform is also likely to include new antitrust authority to block mega-mergers creating financial firms whose problems could adversely affect the overall system. Analysts say, if that’s the case, the government won’t want the too-big-to-fail companies of the past essentially hanging around."
This will essentially negate Phil Grahm's bill which contributed to this mess. Maybe the banking industry isn't running our government after all.