Editorial: The Fed’s stance on banks and capital makes good sense

IT IS becoming common in this campaign season to say the biggest banks still don’t operate with a sufficient margin of safety — that they are still “too big to fail.” Hillary Clinton’s rival for the Democratic presidential nomination, Sen. Bernie Sanders (I-Vt.) has introduced a bill to break up the largest banks. Sen. Elizabeth Warren (D-Mass.), with the support of Sen. John McCain (R-Ariz.), is urging reinstatement of the old Glass-Steagall Act’s...

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