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Transcript: JOHN D. HAWKE, JR. UNDER SECRETARY OF THE TREASURY FOR DOMESTIC FINANCE TO THE 1998 UNC SCHOOL OF LAW BANKING INSTITUTE CHAPEL HILL, NORTH
- Article from:
- Regulatory Intelligence Data
- Article date:
- April 2, 1998
- Author:
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While the organizers of this impressive program could not possibly
have
anticipated it, this week could not be a more appropriate -- or perhaps
inappropriate, depending on your point of view -- time to talk about
Financial
Modernization. Just two days ago an effort to bring a long debated
and
delicately balanced Financial Modernization bill to the Floor of the
House
of Representatives failed. While supporters of the bill gamely announced
that the effort was not over, and that they would return to the drawing
board after the Recess, the prospects for legislation in this Congress
look exceedingly dim.
Why did the effort fail -- an effort that had unprecedented momentum ...