The Obama administration put forward legislation on Wednesday to rein in the size and scope of the nation’s largest banks. But the proposal faces strong resistance in Congress, where lawmakers have shown little appetite for adding to the prolonged debate on overhauling financial regulations.
The disparity in the size of 2009’s failed institutions and those in the late 80’s to early 90’s has contributed to the larger dent in the FDIC’s coffers that the latest onslaught of closures has brought on.
The Helping Families Save Their Homes Act of 2009, new federal legislation, came to passage May of this year….
Congressional Oversight Panel monitoring government bailout efforts will report on the Troubled Asset Relief Program-Washington (Dow Jones)
The U.S Treasury names BlackRock Inc. (the largest U.S. publicly traded asset manager), Invesco Ltd., and seven other managers for the Public-Private Investment Program, in a major effort to extinguish as much as $40 billion in troubled assets from financial institutions…