Financial Reform Bill: Can Democratic Legislation Prevent Future Bank Bailouts?

Today, the concept of the public loving a bank that much is as anachronistic as a black and white movie.

Far from the debate in Washington in the small town of Mendenhall, Miss., Dennis Ammann runs Peoples Bank, where his grandfather was a real-life George Bailey during the depression.

Today, Ammann said that some sort of financial reform bill is needed, but that taxpayers cannot be on the hook.

"We're going to have another crisis at some point, and the large, complex institutions are going to be at the center, and they should pay for it," Amman said.

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