Inter Press Service logo Inter Press Service 1 month ago

U.S.: Secret Bailouts for Giant Failing Banks of the Future?

U.S.: BOSTON, Oct 30 (IPS) - Big banks will not be forced to downsize and the public will be the last to know when they fail, a controversial bill unveiled by U.S. Treasury Secretary Timothy Geithner and Congressman Barney Frank... Full Article at Inter Press Service

Related Topics:

  1. FDIC
  2. Federal Reserve
  3. Barney Frank

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Related Quotes

  1. We’re getting ready to turn everything over to U.S. Bank
    SOURCE: 24x7updates 4 weeks ago
  2. This transaction is consistent with the growth strategy that we have outlined many times in the past, which includes enhancing our existing franchise through low-risk, in-market acquisitions
    SOURCE: CNBC 4 weeks ago
  3. It looks as though the FDIC is just not satisfied that the bank has the $600 million in new private equity that would take care of its capitalization needs
    – Danny K. Davis SOURCE: Chicago Tribune 1 month ago
  4. At 10 this morning they were praising them and giving them $50 million, and at 10 this evening they'll be putting the padlock on the door ... There is something wrong with this picture: Wall Street wins and Main Street loses.
    SOURCE: Chicago Tribune 1 month ago
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  7. LAS VEGAS - NOVEMBER 21: Employees wear creations during a fashion show to unveil new uniforms for employees at Mandarin Oriental, Las Vegas at CityCenter November 21, 2009 in Las Vegas, Nevada.
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  9. WASHINGTON - NOVEMBER 18: Commodity Futures Trading Commission Chairman Gary Gensler speaks during a hearing of the Senate Agriculture, Nutrition and Forestry Committee on Capitol Hill November 18, 2009 in Washington, DC.

Cast of Characters

  1. FDIC FDIC
  2. Federal Reserve Federal Reserve
  3. Barney Frank Barney Frank
  4. U.S. Bancorp U.S. Bancorp
  5. Robert Reich Robert Reich
  6. U.S. Democratic Party U.S. Democratic Party