Topic: Richard Shelby

Reviewing 'Too Big to Fail' Solutions

I have some commentary on the new Too Big To Fail resolution bill going through the Financial Services up here at The Nation, you should check it out.. 1) Steve Waldman has an overview of financial bloggers that met with the Treasury ...

Congress carves into Obama financial rule reforms

WASHINGTON (Reuters) - Senior U.S. lawmakers launched an assault on Thursday on the centerpiece of the Obama administration's financial reform plan -- giving the Federal Reserve new powers to police broad risks in the economy.In addition to handling monetary policy, under the ...
Lawmakers debate Federal Reserve's role in overhaul of nation's financial rulesGreater transparency from banks, corporations and other market players will be demanded under the overhaul of the nation's financial rules that Congress is embarking on, but the role of the Federal Reserve ...
The United States should let some big troubled banks fail rather than commit more federal funds to prop them up, two key congressional Republicans said on Sunday. Senator Richard Shelby, top Republican on the banking committee, said the United States should not ...
Top Democrat predicts Democrats in House and Senate will reach compromise on stimulus billA top Democratic senator predicts that an economic stimulus bill will pass Congress by the end of the coming week because the stakes are too high to let it ...
The Bush administration Friday dropped its opposition to using the $700 billion bank bailout fund to provide financing for U.S. automakers after the Senate balked at approving $14 billion emergency loans. “Because Congress failed to act, we will stand ready to prevent ...
Treasury tacks on uses for $700 billion bailout money with shifting economic windsFirst, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets.Then it was about using $250 billion of it ...

Congress balks at huge US financial bailout

A battle over the US government's financial rescue package carries on in Congress Wednesday after top finance officials urged its swift passage and lawmakers dug in their heels, while the FBI reportedly launched a probe of failed banks and mortgage giants.Federal Reserve ...

Shelby Will Have Leading Role in Bailout Proposal

WASHINGTON Alabamas senior senator says speed should not be the primary focus for Congress as it considers a multi-billion dollar bailout of the nations financial system. In my judgment, it would be foolish to waste massive sums of taxpayer funds testing an ...
Senate Democrats Want Equity, Pay Limits in Bailout Senate Democrats issued a counterproposal to the Treasury Department's $700 billion Wall Street bailout plan on Monday that would give the government a stake in firms unloading troubled assets under the plan, and limit ...