The head of the Senate Banking Committee, Senator Christopher Dodd, just unveiled a proposal on reforming regulation of America’s financial industry. The bill would allow the Federal Reserve to examine any bank-holding company with more than $50 billion in assets, and to supervise large financial companies that aren’t banks. We discuss the latest legislative attempt to reform the financial sector.
Financial Reform Bill
The head of the Senate Banking Committee, Senator Christopher Dodd, just unveiled a proposal on reforming regulation of America's financial industry. The bill would allow the Federal Reserve to examine any bank-holding company with more than $50 billion in assets, and to supervise large financial companies that aren't banks. We discuss the latest legislative attempt to reform the financial sector.
Guests:
Roben Farzad, senior writer for BusinessWeek