Senators : We still have banks that are ` ` too big to fail , '' threatening another crash . They want updated Glass - Steagall Act to buy back huge financial institutions . More than five years after the bankruptcy of Lehman Brothers and the beginning of the most severe economic downturn since the Great Depression , lawmakers should ask themselves whether they have done enough to reduce the risk of another financial crisis . They say new legislation would separate traditional banks from riskier financial services . Representatives : American people are still paying the price of saving ` ` too big to fail '' banks .
Senators : We still have banks that are ` ` too big to fail , '' threatening another crash . They want updated Glass - Steagall Act to buy back huge financial institutions . They say new legislation would separate traditional banks from riskier financial services . Representatives : American people are still paying the price of saving ` ` too big to fail '' banks .