Congress looks into another touchy subject for banks

05/5/2009 | CNBC

Lawmakers are considering granting authority to the government to take over large financial institutions, likely the next hot-button issue for the banking industry. The Senate Banking Committee and the House Financial Services Committee are expected to hold public hearings on the issue. While initially envisioned as stand-alone legislation, the measure will be included in a broader overhaul of the financial industry.

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