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From HuffPo:

Regulators and lawmakers increasingly are signaling that more work is needed to lessen the risk posed by large, complex banks, including bigger capital cushions and minimum amounts of expensive long-term debt.
 The moves by banks include pushing back against bipartisan legislation sponsored by Sens. David Vitter, a Louisiana Republican, and Sherrod Brown, an Ohio Democrat, that would sharply increase capital cushions at large banks to the point where most analysts expect firms would be forced to shrink.

Stephanie Cutter, a former adviser to President Barack Obama, and Ed Gillespie, a former Bush administration official, are providing strategic advice to Bank of America on several issues, including efforts to break up the banks. Morgan Stanley recently hired Michele Davis, a top aide to former Bush administration Treasury Secretary Henry Paulson, to help bolster the firm's credibility in Washington.

http://online.wsj.com/...
The firms that rate the creditworthiness of banks say the likelihood of a government rescue hasn’t gone away. Because of the implicit promise of bailouts, Moody’s Investors Service, the second-largest U.S. ratings company, has boosted the scores for the six banks. Each increase in credit grade makes borrowing less expensive.
 In a March 27 report, Moody’s displays a bar chart of its credit ratings for the banks in blue. In green bars, it shows Goldman Sachs and Wells Fargo would be rated two grades lower if the taxpayer backstop didn’t exist. Moody’s boosted Morgan Stanley’s score by two grades for the same reason, even though it had downgraded that bank in June 2012.

The scores for Bank of America, Citigroup and JPMorgan (JPM) are three grades lower in the green bars.

Debt sold by the holding companies of Bank of America and Citigroup (C), the second- and third-biggest U.S. banks by assets, would fall to junk status without the implicit government guarantee, Moody’s Senior Vice President David Fanger says.

“They have a high probability of government support,” Fanger says.

http://www.bloomberg.com/...

Stephanie Cutter, corrupt former Obama adviser, wants to protect BoA from regulations that would remove this implicit government backing of massive vampire squid banks.  She wants to free them from the burden of keeping enough money on hand to bail themselves out.  

Democrats should cut her out of the Democratic Party and primary any politician who likewise defends these banks that continue menacing society and the world.

Ever wonder why AG Holder decided he needed to start raiding marijuana dispensaries?

Or why he boldly admitted to his (and President Obama's) corruption regarding Too Big To Jail banks?!

It's because Holder is looking out for his lucrative, post-government career as an "adviser" or "lobbyist" for the array of industries against legalization and for the War on Americans.  It's because he's corrupt like so many DC politicians and staffers.

Obama understands that these people are in government for the money that comes after....

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