Rep. Jeb Hensarling's Choice Act for Banks is Unanimously Disagreeable, Fundamentally Unfair (Unconstitutional), Inefficient and Unstable
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Dear President Trump,
To counter your proposal of reinstating the Glass-Stegall Rule to separate investment banking from commercial banking, Rep. Jeb Hensarling has broached a Choice Act (HCA) for banks during his in Washington Journal of Fox News today. HCA will offer Mega Bank Holding Companies (MBHCs) choice between raising their capital levels or facing bankruptcy (as opposed to writing their own will death under the Dodd-Frank Act) without breaking them up.