The thrust of the plan is to have banks, particularly those deemed too big to fail, maintain larger capital cushions -- a move bankers have traditionally opposed because it eats into their profits. The Treasury secretary, Timothy F. Geithner, is expected to outline the administration's proposals Thursday in a letter to the finance ministers of the Group of 20 industrial and emerging nations, who are scheduled to meet in London this week.
In Capital Reserves Push, "Too Big To Fail" Is Attacked By White House
White House Attacks "Too Big To Fail"