Quantcast
Feeds: Email, RSS & Twitter

Get Our Videos By Email

 

8,300 Unique Visitors In The Past Day

 

Powered by Squarespace

 

Most Recent Comments
Cartoons & Photos
SEARCH
« DEBT WATCH: CBO Says Obama's Budget WIll Add $9.7 Trillion To The National Debt (VIDEO) | Main | Senators Boxer, Webb Push to Add Bailout Bonus Tax to $150 Billion Bill Before Senate »
Monday
Mar082010

"The Fed feels it is gaining some momentum"

Big bank oversight to stay with Fed

Banks with more than $100bn of assets will be overseen by the US Federal Reserve under a regulatory reform plan that represents a partial victory for the central bank after months of attacks in Congress.

Chris Dodd, the Senate banking committee chairman, had proposed hiving off all bank supervision to a single regulator but is set to propose this week that the 23 largest institutions stay under the Fed’s oversight, according to people familiar with the plans.

At issue over the weekend was the regulation of several hundred state chartered institutions that also want to remain under the Fed’s supervision.

While attention has been focused on an argument between Democrats and Republicans over the powers and location of new consumer protection functions, which may also be housed within the Fed, other elements of regulatory reform – deemed more important by many institutions and policymakers – are close to fruition.

A new “resolution” regime to deal with failing, but systemically important, institutions would allow the government to wind up a company quickly to avoid contagion spreading through the financial system.

---

Continue reading at the FT  >>

 

 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (9)

Mar 8, 2010 at 1:14 PM | Registered CommenterDailyBail
Green Party in California trying to stem shrinking numbers

http://www.mercurynews.com/breaking-news/ci_14631028?nclick_check=1
Mar 8, 2010 at 1:15 PM | Registered CommenterDailyBail
Sole occupant of 32-story Fort Myers condo wants out

http://www.news-press.com/article/20100308/NEWS0110/3080347
Mar 8, 2010 at 1:16 PM | Registered CommenterDailyBail
Great picture!

Looks like a bunch a criminals getting together to form a super crime group... oh wait, it is a super crime group.
Mar 8, 2010 at 1:23 PM | Unregistered CommenterBenny and the Talibanks
looks like courtesy of our corrupt Congress, Treasury, and probably criminal Federal Reserve, the (Consumer Financial Protection Agency) is going to become the (Consumer Financial Destruction Agency).

We definitely have the worst government money can buy!
Mar 8, 2010 at 5:24 PM | Unregistered CommenterSagebrush
this is coming next USA Republic
Greece relieved at EU backing, but strikes grow
Debt-plagued Greece relieved at EU backing -- but strikes grow, police to join protests

On Monday March 8, 2010, 9:03 am EST
ATHENS, Greece (AP) -- Greek officials expressed relief Monday at European support over the country's debt crisis, but labor unions stepped up strikes, angry at recent wage cuts and sales tax increases they say will hurt the poor.

French President Nicolas Sarkozy on Sunday said the European Union has "concrete, precise methods" to help Greece financially if needed, but refused to give any details.

He made the remarks after talks in Paris with Greek Prime Minister George Papandreou who later traveled to Washington for talks Tuesday with U.S. President Barack Obama.

"This is more than a breathing space: It's a new starting point in our relations with our partners in the eurozone," Deputy Defense Minister Panos Beglitis said in a radio interview Monday.

"The salvation of Greece, if you will, closely coincides with the salvation of the European Union and the eurozone."

Sarkozy's declaration of support, however, had no visible impact on protest plans by unions -- with even police officers announcing plans to hold a uniformed demonstration in Athens later this week.

Greece's two largest unions have called a nationwide 24-hour strike for Thursday, while tax collectors and landfill workers were on strike Monday.

Unions strongly oppose a euro4.8 billion ($6.5 billion) austerity package that will hike consumer taxes and slash pay for public sector workers by up to 8 percent.
Mar 8, 2010 at 7:56 PM | Unregistered CommenterKen
Ken lead us to battle like the great president you could be.Since gompers went full time CIA i cant depend on anyone.
evelution revalution birthcontrol sound of soul shooting rockets to the moon kids growing up to soon its just a ball
of confusion thats what the world is today.

I have a golf cart with a BAR 50 mount if you have gas to get to the white house???All we will need beer also.
Mar 9, 2010 at 2:38 PM | Unregistered CommenterJ T S
@JTS

Got room for an old man with a 12 Ga. shotgun on that cart? You did mention that you'll have beer right? I'll bring the gas can from my lawnmower. How much beer? It might take awhile to get this revolt over with, we're gonna need lots of beer.
Mar 9, 2010 at 5:30 PM | Unregistered CommenterSagebrush
We need a lot of beer trust me.I think the gas from your mower will take us to yt house .I have a 12 ga mount also
not sure if it will work noticed it was made in china when i opened the box .We may just want to follow the beer truck.LOL

Sagebrush
Mar 11, 2010 at 11:47 AM | Unregistered CommenterJ T S

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.