House works out compromise bill to cover bank collapses

10/28/2009 | Bloomberg · Wall Street Journal, The

Legislation drafted by the House Financial Services Committee outlines steps for dealing with a collapse of the largest, systemically important financial institutions, which would include requiring other major financial firms to pay for the rescue. The bill -- a compromise worked out by Rep. Barney Frank, D-Mass., chairman of the committee, and the Treasury Department -- would also give authority to the Federal Reserve to shrink companies that are deemed to pose a systemic risk.

View Full Article in:

Bloomberg · Wall Street Journal, The

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Vice President, Girls and Women Strategy
United Nations Foundation
Washington, DC
Pharmacy Benefit Analyst/ Auditor
Nationwide, SL_Nationwide