Bloomberg.com logo Bloomberg.com 3 weeks ago

Financial Overhaul to Curb Systemic Risk Met With Congressional Opposition

Oct. 29 (Bloomberg) -- President Barack Obama’s proposal to police companies for systemic risk and shift the cost for failure to the financial industry faced opposition as lawmakers said the plan would keep the burden on taxpayers in a crisis. Full Article at Bloomberg.com

Related Topics:

  1. Barney Frank
  2. Barack Obama
  3. United States Department of the Treasury

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Related Quotes

  1. All large firms, not just the survivors, would pay risk- based assessments into the fund
    Sheila Bair – Sheila Bair SOURCE: Bloomberg.com 3 weeks ago
  2. In all but the rarest cases, bankruptcy will remain the dominant tool for handling financial failure
    Timothy F. Geithner – Timothy F. Geithner SOURCE: Bloomberg.com 3 weeks ago
  3. Most of us don’t die and then buy a life insurance policy
    Luis Gutierrez – Luis Gutierrez SOURCE: Bloomberg.com 3 weeks ago
  4. What this bill does not do is provide a government guarantee for troubled financial firms
    Timothy F. Geithner – Timothy F. Geithner SOURCE: New York Post 3 weeks ago
View all Related Quotes »
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  1. WASHINGTON - NOVEMBER 7: Rep. Barney Frank (D-MD) walks on Capitol Hill November 7, 2009 in Washington, DC. Members of the House of Representatives continued debate on healthcare reform legislation.
  2. WASHINGTON - NOVEMBER 3: Rep. Barney Frank (D-MA) speaks during a news conference on Capitol Hill November 3, 2009 in Washington, DC.
  3. WASHINGTON - OCTOBER 30: House Financial Services Committee Chairman Barney Frank (D-MA) presides over a hearing about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
  4. Rep. Barney Frank, Chairman of the House Financial Services Committee holds a hearing on 'Systemic Regulation, Prudential Matters, Resolution Authority and Securitization' with testimony from US Treasury Secretary Timothy Geithner on October 29, 2009 on Capitol Hill in Washington, DC.
  5. House Financial Services Committee Chairman Rep. Barney Frank, D-Mass. talks to committee member Rep. Maxine Waters, D-Calif. on Capitol Hill in Washington, Thursday, Oct. 22, 2009, during the committee's markup on pending legislation.
  6. WASHINGTON - OCTOBER 09: Senate Banking and Urban Affairs Committee Chairman Christopher Dodd (D-CT) (L) and House Financial Services Committee Chairman Barney Frank (D-MA) talks before an event where U.S. President Barack Obama made remarks about finanacial institution regulation reform in the...
  7. WASHINGTON - OCTOBER 01: Barney Frank (D-MA) questions Federal Reserve Board Chairman Ben Bernanke during a House Financial Services Committee hearing on Capitol Hill on October 1, 2009 in Washington, DC.
  8. WASHINGTON - SEPTEMBER 24: House Financial Services Chairman Barney Frank (D-MA) (L) and Joint Economic Committee Chairwoman Carolyn Maloney (D-NY) participate in a news conference on Capitol Hill on September 24, 2009 in Washington, DC.
  9. WASHINGTON - JULY 24: House Financial Services Committee Chairman Barney Frank (D-MA) (R) talk with ranking member Rep. Jeb Hensarling (R-TX) while hearing testimony from Treasury Secretary Timothy Geithner on Capitol Hill July 24, 2009 in Washington, DC.

Cast of Characters

  1. House Financial Services Committee
  2. Barack Obama Barack Obama
  3. United States Department of the Treasury United States Department of the Treasury
  4. Barney Frank Barney Frank
  5. Federal Reserve Federal Reserve
  6. Federal Deposit Insurance Corp.