News Source: The Hill
| about 1 month ago
Legislation backed by the administration and House Financial Services Committee Chairman Barney Frank (D-Mass.) would create a new council of regulators, with the Treasury Department at the head. In an interview with The Hill, Bair said an...
News Source: Napa Valley Register
| about 1 month ago
In the ideal world of economics, firms that take excessive risks go bankrupt, their competitors pick up the pieces and the economy marches on. Some call it “creative destruction.” In the real world, certain financial institutions are so big and...
News Source: Denver Post
| about 1 month ago
00 AM MST Federal Deposit Insurance Corp. Chairman Sheila Bair is "angry" that the banking industry is fighting efforts to reform financial rules, saying opponents want to maintain their reliance on taxpayer-funded rescues. "Some want to keep the...
News Source: Palm Beach Post
| about 1 month ago
Kan. — The head of the Federal Deposit Insurance Corp. on Monday said Congress needs to provide regulators greater tools to control the risky financial behavior that helped trigger the recession and to unwind major firms on the verge of collapse.
News Source: The Guardian
| about 1 month ago
Breaking up the banks is hard to do Remember US banks that were 'too big to fail'? If Congress gets its way, they will be bigger and less accountable than ever Those who like banks that are too big to fail will love the latest financial reform...