McConnell rips reform
April 13, 2010 | federal legislation, industry | Comments (0)From MSNBC’s website:
Among his criticisms of the bill:
– it gives the Federal Reserve enhanced emergency lending authority that is far too open to abuse
– it gives the FDIC and the Treasury broad authority over troubled financial institutions without requiring them to assume real responsibility for their mistakes.
– the $50 billion fund set up as a backstop for financial emergencies is insufficient.
Comments»
No comments yet.