Our Washington DC-based columnist offers opinions, political-insider prospective developments and other news of value or just plain possible interest each week.
Frank reportedly ready to bar federal funds for future bailouts
House Financial Services Committee chairman Barney Frank (D-MS) is ready to ban the use of federal funds for future bailouts, committee member Brad Sherman (D-CA) told Complinet Saturday. Treasury Secretary Timothy Geithner told the committee Thursday that a systemic risk regulation bill would not use taxpayer dollars to resuscitate failing systemically risky businesses. Sherman challenged him by listing several provisions that would permit unlimited federal help for failing non-bank financial institutions.
Speed-up of Credit CARD Act provisions to hit House floor soon
HR 3639, the Expedited CARD Reform for Consumers Act of 2009, which would move to December 1 the mandatory implementation of the remaining provisions of the Credit Card Accountability, Responsibility
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