Monday, October 26, 2009

White House mulls unwinding too big to fail firms | Politics | Reuters

White House mulls unwinding too big to fail firms | Politics | Reuters:
"A council that includes the U.S. Treasury Secretary would help set policy for dealing with troubled financial firms under White House plans to deal with the 'too big to fail' problem, CNBC television said on Monday citing sources.

The Obama administration would give the Federal Deposit Insurance Corp authority to unwind large firms whose failure could threaten the overall economy."

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