Alhn Treasury Secretary Mnuchin won t attend Saudi investment conference
Dodd bill would strip the Federal Reserve of proposed authority to supervise and restructure the nation biggest banks and financial firms.Instead, the bill would consolidate authority in a single national bank regulator. Gone would be most bank regulatory power held by the Fed and the Federal Deposit Insurance Corporation. The Office of the Comptroller of the Currency and the
stanley cup Office of Thrift Supervision, two regulatory units of the Treasury, would be eliminated altogether.This is not a time for timidity in this area. This is a time for some sweeping and bold changes, Dodd said Tuesday at a news conference. It been a long time coming.In draft legislation unveiled last month, Rep. Barney Frank, head of the House Financial Services Committee, proposed that the Fed take a lead role in overseeing large firms and, if necessary, intervene in those whose failures pose a risk to the economy. Dodd bill would remove that clout. 8220
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stanley cup not designed to basically punish the Federal Reserve at all, Dodd said. But rather to enhance their role and their independence. You start loading up the Fed with additional responsibilities and that independence could be threatened.Frank legislation would also impose fees on financial firms that would be pooled to cover any bailout costs incurred by the government. The Dodd bill adopts a similar 8220 ystemic resolution fund arrangement, and gives Hkqk Hackers are flooding the internet with more fake domain names. Here s how you can protect yourself
WASHINGTON 鈥?The Pentagon is confirming that Islamic State group militants were able to seize one of the 28 bundles of weapons and medical supplies dropped to Kurdish forces on Monday.Army Col. Steve Warren, a Pentagon spokesman, says that two of the bundles went astray. One was destroyed by the U.S. The other fell into enemy hands and included small weapons, hand grenades, medical s
air force 1 upplies and ammunition. Warren said it appears the wind caused the parachute to go off course.He says the weapons in the bundle are not enough to give the enemy any type of advantage.Activists said Tuesday the weapons were seized by the ext
adidas originals remist fighters. A video uploaded by a media group loyal to IS militants showed the extremists with the pallet of weapons and other materials. Go Deeper pentagon By 鈥? Lolita C. Baldor, Associated Press Lolita C. Baldor, Associated Press Support Provided By: Learn more Support PBS News: Educate your inb
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