Willis admits this would require a big change in statute, but says he has had sympathetic discussions with both the Labour front bench and coalition ministers.
Tim's work with this committee, overseen by Ben Bernanke, our lead independent director, is designed to put Citi in compliance with the Volcker Act's Too Big to Fail statutes.
@zachdcarter the regs he praises are the same regs applied to big banks that by statute demand break ups if living wills aren't credible!
Perhaps the biggest worry about the Catalan statute is that a measure of constitutional significance did not have bipartisan backing and appears to have been introduced for party-political advantage.
They play the biggest and most excessive role in California, where voters have directly amended the state's constitution or statutes in matters big and small, from how to spend to how to tax, from regulating how fowl should be kept in coops to banning gays from marrying.The latter two initiatives happened to pass on the same ballot in 2008.
"We should have a long discussion about key issues," Kirk said, adding his own interest in testing the limits of federal racketeering statutes to "attack the big drug gangs of Chicago" after more than 30 shootings over Easter weekend. .
Unlike in other leagues in Europe, the statutes of the German Football Association deter big investors from taking over its clubs.
In using the law, the attorney general, Eric T. Schneiderman, is drawing upon the securities fraud statute behind many of the biggest actions against financial firms in recent years.
It reached the statute book in April last year; under it, miscreants risk big fines and up to ten years in prison.
Democrats in Congress wanted no part of defending DOMA, even though the statute had passed both houses in 1996 by big bipartisan majorities and was signed into law by President Bill Clinton.
