Wall Street Bailouts No Longer An Option, Regulator Says
The era of Wall Street bailouts is over, a top government regulator told Congress on Tuesday. The financial reform legislation passed last summer bars future taxpayer rescues of financial firms, and it eliminates the need for bailouts by endowing regulators with greater powers, said Michael H. Krimminger , general counsel of the Federal Deposit Insurance Corporation, in testimony before the ...
Source: The Huffington Post
