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Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
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[BRIEFING.COM] The major averages continue to hover near their lows with the S&P 500 off by 0.2%. Yesterday's top performer, the industrial sector, is among the early laggards today as defense companies lag. General Electric (GE 24.15, -0.18) trades lower by 0.8% while the broader PHLX Defense Index is off by 0.4%.
Another large industrial subsector, the Dow Jones Transportation Average, holds a slim loss of 0.2%. Nasdaq -3.61 at 3478.57... NYSE Adv/Dec ... More
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