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Google News: Plan to prevent another economic meltdown slows on Hill, Democrats ...
[KFSM] - The FDIC already has the power to place banks into receivership, but does not have the same authority with insurance companies like AIG, holding companies and other institutions whose failure could threaten the economy. Frank said in an interview with ...
Guardian: US STOCKS-Wall St rises as banks, Apple offset data
[guardian.co.uk] - Advancing stocks outnumbered declining ones on the NYSE by a ratio of about 3 to 2, while on the Nasdaq, about eight stocks rose for every five that fell. (Reporting by Chuck Mikolajczak; Editing by Jan Paschal)
Regulators Fell One Bank, Spare a Rival
online.wsj.com
[Wall Street Journal] - Government officials were "trying to make an example" out of National City, complains Cleveland Mayor Frank Jackson. "I don't want the same thing happening to AmTrust." Uncertainty about the condition of US banks has roiled financial markets for months ...
Germany to Create Bad Banks to Boost Banking Sector Profits
www.marketoracle.co.uk
[The Market Oracle] - A second plan put forward at the meeting by the CDU proposed the setting up of a so-called Aida, or “agencies-in-the-agency,” model, which would allow state-owned banks in particular to transfer their toxic assets to individual “agencies” within a ...
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