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There will be plenty of bustle on the Hill this week as the early August date for Congress´ summer recess advances. Legislators are holding on, for the most part, to ambitious regulatory restructuring plans, and hearings on financial regulatory issues will abound. Treasury Secretary Timothy Geithner, meanwhile will be overseas-thus safe, for a week, from Congressional scrutiny.
July 10
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Over the past week or two a new regulatory proposal laid out in the op-ed pages of The Guardian has gathered steam, and we thought it was time to share it with BankThink´s readers. The idea is to make bank mismanagement a criminal offense, something similar to negligent homicide. If a bank founders, its upper management can be investigated for recklessness.
July 9 -
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This week, Congress is back in session and the financial regulatory committees will be hard at work on a system overhaul. Thrown into the mix is a new set of rules governing private equity investments in failed banks, put out to comment by the Federal Deposit Insurance Corp.
July 2 -
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