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    Banks challenged to accept reforms
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    The House Agriculture Committee is set to push forward work on derivatives legislation, which is expected to be coordinated with the bill approved in the committee. "The House Financial Services Committee took an historic step in this direction Thursday when it voted to bring previously unregulated derivatives under the regulatory umbrella" Summers said. The committee in July approved the first component of regulatory reform by approving legislation to give shareholders a broader say in bank and other corporate elections. Full Article at The Honolulu Advertiser
    The House Financial Services Committee took an historic step in this direction Thursday when it voted to bring previously unregulated derivatives under the regulatory umbrella
    Lawrence Summers – Lawrence Summers SOURCE: The Honolulu Advertiser 1 month ago
All quotes from:
Banks challenged to accept reforms
  1. Whatever you thought about actions of last spring, now you have to be more comfortable that the right thing was done
    Lawrence Summers – Lawrence Summers SOURCE: The Honolulu Advertiser 1 month ago
  2. The time has come for fundamental change in the financial sector of our economy both in how financial institutions conduct their business and how they are regulated
    Lawrence Summers – Lawrence Summers SOURCE: The Honolulu Advertiser 1 month ago
  3. Financial institutions that have benefited from government support can, should and must use this moment to think about what they can do for their country by accepting the necessary regulation to protect the American people
    Lawrence Summers – Lawrence Summers SOURCE: The Honolulu Advertiser 1 month ago
  4. There is no financial institution that exists today that is not the direct or indirect beneficiary of trillions of dollars of taxpayer support for the financial system.
    SOURCE: The Honolulu Advertiser 1 month ago

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