The battle over financial reform continued on the Sunday morning shows on April 25, 2010, including the pivotal question of whether a pending bill in the Senate would end the notion that some giant financial services companies could receive special government protection because they are "too big to fail."
On ABC's This Week, for instance, Austan Goolsbee, a member of the White House's Council of Economic Advisers, told host Jake Tapper, "Well, the president is totally committed, and it's one of his key principles that we're going to end too-big-to-fail, we're going to end the bailout era that began under the last president, for good. That's not going to happen anymore." Meanwhile, on NBC's Meet the Press, Senate Banking, Housing and Urban Affairs Chairman Chris Dodd, D-Conn., said that when it comes to the question of too big to fail, "We're going to shut that down forever."
On This Week, Tapper asked Sen. Sherrod Brown, D-Ohio, "Sen. Brown, let me ask you a question about the legislation itself. I have a copy of it here, and it says right at the top of the bill that the purpose is to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too-big-to-fail, and for other purposes. Sen. Brown, does this bill end too-big-to-fail?"
Brown responded, "Yes, it does." - Politifact
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