Top U.S. bank regulators and lawmakers are pushing for action to limit the risk that the government again winds up financing the rescue of one or more of the nation’s biggest financial institutions.
Treasury Secretary Timothy Geithner's pragmatism amid the most recent financial crisis may offer clues to the solution that will ostensibly avoid the looming fiscal cliff.
Under Senator Christopher Dodd's financial reform bill, announced today, regulators would have additional oversight over hedge funds, derivatives and proprietary trading.
Senator Christopher Dodd, who holds a powerful position in the U.S. Senate, says writing specific legislation to curb bank proprietary trading would be a challenge.
