News Source: Politico
| about 1 month ago
Rep. Brad Sherman (D-Calif.) said in a release before the hearing started. Rep. Luis Gutierrez (D-Ill.) slammed the bill’s proposal that when the government has to front money to cover the costs of winding down a dying firm, other big financial...
News Source: Sify News
| about 1 month ago
Treasury Secretary Timothy Geithner says the U.S. government's ability to dismantle mammoth financial institutions like Lehman Brothers and American International Group, when necessary, won't lead to future bailouts. In testimony before the House...
News Source: Seattle Times
| about 1 month ago
Treasury Secretary Timothy Geithner said he sees positive signs that the economy is recovering, although the recession remains "alive and acute" for families dealing with unemployment and facing home forceclosure. In testimony before the House...
News Source: MarketWatch
| about 1 month ago
Treasury Secretary Timothy Geithner on Thursday backed key 'too-big-to-fail' legislation introduced in response to the financial crisis by a key congressional committee, arguing that the bill is critical to help dismantle a future collapsing...
News Source: Bradenton Herald
| about 1 month ago
Thursday, Oct. 29, 2009 Want to fix Wall Street? McClatchy Newspapers Text Size: tool goes here The last time that America heard from Robert Pozen, he was proposing a novel fix for Social Security that attracted bipartisan support in Congress,...
News Source: Star Tribune
| about 1 month ago
A year after Lehman Brothers collapsed, helping to trigger the worst financial crisis in seven decades, the Obama administration is pressing Congress for the power to dismantle other nonbank firms considered so large and influential that they could...