Huffington Post logo Huffington Post 1 month ago

Joshua Rosner: Congress and TBTF: Bring in the Bomb Squad

Joshua Rosner examines the House regulatory reform bill, which does not, in its current form, acknowledge that "Too Big to Fail" is too big to exist. Full Article at Huffington Post

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  1. The head of a key House committee unveiled legislation Wednesday that would grant the federal government sweeping new powers to police giant financial firms. Jim Lehrer talks to two financial analysts about the debate over "too big to fail" Full Article at Newshour With Jim Lehrer

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  1. Chairman of the Federal Reserve Ben Bernanke speaks during The Economic Club of New York luncheon in New York, November 16, 2009.
  2. ST ANDREWS, SCOTLAND - NOVEMBER 07: The Chairman of the U.S. Federal Reserve Ben Bernanke (R) holds his hands to his face as U.S. Treasury secretary Timothy Geithner reads papers behind him during a break at the G20 Finance Ministers meeting on November 7, 2009 in St Andrews, Scotland.
  3. ST ANDREWS, SCOTLAND - NOVEMBER 06: Ben Bernanke, Federal Reserve Chairman, arrives to attend the G20 Finance Ministers meeting at a hotel in St. Andrews, on November 6, 2009 in St Andrews, Scotland.
  4. NEW YORK - NOVEMBER 04:  Traders work on the floor of the New York Stock Exchange moments before the Federal Reserve announced it would leave interest rates unchanged on November 4, 2009 in New York, New York.
  5. WASHINGTON - OCTOBER 30:  Former Associate General Counsel of the Board of Governors of the Federal Reserve System Oliver Ireland testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
  6. 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.
  7. WASHINGTON - NOVEMBER 3:  Rep. Barney Frank (D-MA) speaks during a news conference on Capitol Hill November 3, 2009 in Washington, DC.
  8. 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.
  9. 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.

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