TITLE

Democrats Soften Stand on $50B Resolution Fund

AUTHOR(S)
Kaper, Stacy
PUB. DATE
April 2010
SOURCE
American Banker;4/20/2010, Vol. 175 Issue 60, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the suggestion by U.S. Senate Banking Committee Chairman Chris Dodd and other Democrats that they would consider eliminating a proposed resolution fund for large banks in order to win Republican votes for the regulatory reform legislation. Republican leaders have used the provision to argue for how the bill would allow more taxpayer-funded bailouts. The provision would charge banks to create a fund to help separate a systemically important institution.
ACCESSION #
49698540

 

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