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US senator offers 'too big to fail' break-up bill

Fri Nov 6, 2009 11:05am EST

WASHINGTON, Nov 6 (Reuters) - Senator Bernie Sanders on Friday introduced legislation that would make the U.S. Treasury Department identify and break up financial institutions that are "too big to fail."

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Sanders, an independent, in a statement said: "If an institution is too big to fail, it is too big to exist ... We should break them up so they are no longer in a position to bring down the entire economy." (Reporting by Kevin Drawbaugh, Editing by Chizu Nomiyama)

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