-
House Financial Services Committee Chairman Barney Frank is determined not to waste Congress´ last week in session before the July 4 break: He plans to charge ahead with regulatory restructuring hearings. The Senate Banking Committee will also hold a hearing on part of the regulatory restructuring effort. Elsewhere in Washington, the Federal Open Market Committee will meet-though the outcome of that gathering isn´t really a nail-biter. Afterwards, Fed Chairman Ben Bernanke will be called to justify Bank of America´s acquisition of Merrill Lynch to Congress.
June 19
-
"Too many cooks," declared the Economist; "basically punts on the question of how to keep it from happening all over again," Paul Krugman wrote in today´s New York Times; "an exercise in political triangulation," says the Washington Post´s Steven Pearlstein.
June 19 -
This morning Treasury Secretary Timothy Geithner will answer questions from the Senate Banking Committee on the Obama Administration´s new regulatory restructuring plan and BankThink will be keeping you up today with a live blog of the hearing. Watch for some tough grilling on the proposal to give the Federal Reserve the power to monitor and regulate systemic risk. The committee members have been particularly resistant to the idea of giving the Fed more power, and several of them voiced fresh concerns yesterday after President Obama announced the plan. Geithner will have to defend the plan twice today; this morning's Senate hearing will be followed by one in the House Financial Services Committee.
June 18 -
-
IMGCAP(1)]
June 18 -
-
-
-
-
