Congress Takes On ‘Too Big To Fail’ Institutions
Oct 29th, 2009 | By Kevin Hayden | Category: Economic NewsCongress is trying to rewrite financial regulations to avoid the company failures and rescues of the last 18 months. Treasury Secretary Timothy Geithner appeared Thursday before a key House panel to tout a plan that would allow federal regulators to unwind troubled financial companies, which are considered too big to fail. He got skepticism from both sides of the aisle.
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