It was a tough day to be Herbert Allison. The Treasury official charged with monitoring the $700 billion Wall Street bailout appeared Thursday before the congressional panel created for that same purpose — and was promptly lashed by committee members for evading many of the questions they hurled his way. More…
Taking a quick cue from Massachusetts, the Obama administration is putting on its populist hat this week to take on the nation’s largest financial institutions in the name of consumer protection. The president’s proposal — which would prevent large Wall Street firms that trade outside of their clients’ More…
Appearing before a House panel on Thursday, Treasury Secretary Tim Geithner made his best pitch for legislation granting the White House broad new powers to seize Wall Street firms when their collapse might torpedo others in the industry.
It didn’t go so well.
[Congress1]A number of Democrats on the House More…
Treasury Secretary Tim Geithner, who’s testifying this morning before the House Financial Services Committee on legislation empowering the White House to take over Wall Street firms when their failure threatens the finance system on the whole, just made a curious claim. Asked by Rep. Maxine Waters (D-Calif.) whether More…
It’s a big day for banks: The Obama administration is expected to unveil new “too big to fail” proposals for dealing with troubled financial giants, Reuters reports. The proposals would “give the government the power to dismantle large financial companies that get into crises.”
The new draft bill is
He doesn’t know this yet, but I’m putting in a bid to purchase Bruce McCall.
I like and admire Bruce, but that has nothing to do with my plan. I happen to know that he’s up to his ears with a mortgage on his condo. Since that mortgage has More…
rss