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Article: House Financial Services Committee Chairman Frank sets 2009 agenda.(Briefing Book)
- Article from:
- Mortgage Banking
- Article date:
- March 1, 2009
CopyrightCOPYRIGHT 2009 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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During a briefing for reporters on his legislative and committee priorities for the year, House Financial Services Committee Chairman Barney Frank (D-Massachusetts) said his top agenda item would be to curtail the problem of systemic risk among financial institutions.
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Frank told reporters in early February there is "an emerging consensus" among lawmakers and policy officials that the Federal Reserve will be invested with new powers to regulate and, when necessary, restrain systemic risk among the nation's financial institutions.
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"I believe that probably the Federal Reserve will be given the ...