Lawmakers are rolling up their sleeves this week with hearings in the House Financial Services and Senate Banking committees designed to dig into the details of the adminstration´s rescue projects. On Wednesday, Rep. Barney Frank, D-Mass., will hear
Tom Deutsch, the deputy executive director of the American Securitization Forum, and Benjamin Allensworth, the Managed Funds Association´s senior legal counsel, are expected to focus on the technical difficulties securitization contracts pose for loan modifications.
Thursday, Senate Banking holds a hearing on how recipients of the Treasury´s capital purchase program funds
Saturday, the leaders of 19 countries-Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States-as well as the head of the European Council will meet in Washington to discuss the financial crisis. Questions about the substance and relevance of the G-20 meeting have