Topic: David Lawder

Treasury vows fight for strong financial reforms

BALTIMORE (Reuters) - The Treasury's number two official vowed on Thursday to fight efforts to weaken the U.S. financial reform bill and said it should include the so-called "Volcker rule" which would separate banking from proprietary trading.Deputy Treasury Secretary Neal Wolin also ...

Fed should lose AIG-style bailout powers: Geithner

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, ...