|
|
Article: Political foes unite against big banks; Lead push to halt bailouts.(PAGE ONE)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 The Washington Times LLC. 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)
|
Byline: Patrice Hill, THE WASHINGTON TIMES
An unusual alliance of conservatives and liberals is pushing to break up or downsize banks deemed too big to fail, rather than create a new regulatory regime led by the Federal Reserve to try to keep them from getting into trouble again.
Public anger toward bailouts and the central bank's role in rescuing big institutions like American International Group Inc. and Bank of America Corp. are fueling growing opposition to the Fed-led oversight plan advocated by the Treasury Department and House Financial Services Committee Chairman Barney Frank, Massachusetts Democrat.
In Europe, regulators are moving to ...