nytimes.com - 10/28/2009
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The new legislation was drafted jointly by Treasury officials and Representative Barney Frank, the head of the House Financial Services Committee.
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Need To Read: October 28, 2009
MoJo Blog Posts: mojo —
Today's must-reads are brought to you by the letters C, I, and A:
Holy Schnikes: Afghan President's brother, a major opium dealer, is on CIA payroll (NYT)
Is Obama Planning to Shut Down the Internet? (MoJo)
Bill would put costs of bank rescues on big companies (NYT)
Sen. James Inhofe, "the last flat-earther" (WaPo)
Crime and politics: The velvet glove (The Economist)
How the ...
The Early Word: War Moves
The Caucus —
... : “What will happen when those government supports are gone? While the government has successfully jump-started the U.S. economy, there are emerging signs that its engine still isn’t running very well, and may even sputter out.” Regulatory Change The House Financial Services Committee, with the backing of the Obama administration, is considering legislation that would put the financial industry in somewhat of a self-cleaning mode , The Times’s Stephen Labaton indicates. The bill unveiled Tuesday would create a special fund with fees the government would impose on big banks ...
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Barney Frank: No More Secret Agreements Between Regulators and Banks
huffingtonpost.com 10/30/2009 — Every action taken by federal regulators against large, systemically-important financial firms -- those commonly referred to as "too big to fail" -- will be made public, House Financial Services Committee Chairman Barney Frank told Huffington Post.
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Greenspan Says U.S. Should Consider Breaking Up Large Banks
bloomberg.com 10/16/2009 — Oct. 15 (Bloomberg) -- U.S. regulators should consider breaking up large financial institutions considered “too big to fail,” former Federal Reserve Chairman Alan Greenspan said. Those banks have an implicit subsidy allowing them to borrow at lower ...
Greenspan Says U.S. Should Consider Breaking Up Large Banks
bloomberg.com 10/15/2009 — Oct. 15 (Bloomberg) -- U.S. regulators should consider breaking up large financial institutions considered “too big to fail,” former Federal Reserve Chairman Alan Greenspan said. Those banks have an implicit subsidy allowing them to borrow at lower ...
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