Topic: Barney Frank
WASHINGTON/NEW YORK (Reuters) - A reserve fund must be established ahead of time to give the government the working capital it needs to dismantle large, troubled financial companies, a top U.S. bank regulator said on Tuesday.Sheila Bair, chairman of the Federal Deposit ...
If all of the horses are already out of the barn, fussing about how to patch the door to fill in a few cracks isn't really very helpful.. You have to go out and round up the escaped horses. Similarly, failing to ...
WASHINGTON (Reuters) - The Federal Reserve should lose its authority to bail out big, failing financial firms like AIG and Bear Stearns under proposed reforms aimed at limiting the collateral damage from such failures, U.S. Treasury Secretary Timothy Geithner said on Thursday.Geithner, ...
Obama administration's financial oversight proposal gets wary reception from CongressAn Obama administration plan to dissolve large, struggling financial firms rather than bail them out is encountering Republican resistance, Democratic doubts and only qualified support from regulators.At a House Financial Services hearing Thursday, ...
WASHINGTON (Reuters) - The Obama administration's new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack on Thursday from Congress and regulators, with questions raised about its funding and scope.U.S. Treasury Secretary Timothy Geithner ...
The new legislation unveiled by Representative Barney Frank doesn't end " If it's so difficult to wind down large bank holding companies that it requires new, complex resolution authority, common sense tells us such institutions shouldn't exist in the first place.. Bank ...
WASHINGTON (Reuters) - Offshore funds would have to register with U.S. regulators under an amendment added to a bill mandating more oversight of private capital pools under debate on Tuesday in a U.S. congressional committee.The bill would force hedge funds and private ...
WASHINGTON (Reuters) - The Obama administration within days will move to get tougher with large financial firms that are in trouble by urging Congress to let the government seize control, wipe out shareholders, boot management and restructure debts, an administration official said ...
Despite a year of high-minded rhetoric, President Obama has actually changed almost nothing--aside from cutting a few bankers' pay--about America's financial system. So far, Rep. Barney Frank, the Massachusetts Democrat in charge of the House Financial Services Committee, is tackling the reforms ...
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner and other regulators will testify next Thursday before a House of Representatives committee on systemic risk and other financial reform issues, said a House aide.Geithner will be joined by Federal Deposit Insurance Corp Chairman ...