US Treasury to send wind-up proposals to Congress

Posted by 7Star Thursday, March 26, 2009

The Treasury Department said on Wednesday that it will send draft legislation to Congress this week seeking power to shut down troubled non-bank financial institutions. In a statement, Treasury said its proposals will cover financial firms that could pose risks to the entire financial system and that are not now covered by the regulator for banks, the Federal Deposit Insurance Corp.

0 comments

Post a Comment

Labels

Followers

Archive

BlogCatalog