Monday, May 24, 2010
Look! Shiiiny....
while we’re looking at the AZ Law, etc....
Meanwhile, back at the raunch:
The Senate financial overhaul package, which passed the Senate in a 59-39 vote on Thursday evening, would constitute the biggest overhaul of U.S. financial regulations since the 1930s. The legislation, broadly, is designed to close the regulatory gaps and end the speculative trading practices that contributed to the 2008 financial market crisis. Major components of the bill would: ...
FINANCIAL STABILITY COUNCIL: Would establish a new, nine-member Financial Stability Oversight Council, comprising existing regulators charged with monitoring and addressing system-wide risks to the nation’s financial stability. Among its duties, the council would recommend to the Fed stricter capital, leverage and other rules for large, complex financial firms that are judged to threaten the financial system. In extreme cases, would have the power to break up financial firms.
...
NEW REGULATORY AUTHORITY: Gives federal regulators new authority to seize and break up large troubled financial firms without taxpayers bailouts in cases where the firm’s collapse could destabilize the financial system ...
Statistics
This page has been viewed 18345709 times
Total Entries: 5718
Total Comments: 4193
Total Trackbacks: 714
Most Recent Entry: 06/14/2011 06:44 am
Most Recent Comment on: 11/27/2011 05:18 pm
{/if}
