Summary
US Treasury Secretary Timothy Geithner was today calling for more power to deal with failing financial institutions other than banks, such as insurance giant AIG.
Geithner was set to use testimony on the rescue of AIG to focus on the need for new tools to deal with future crises.See the full content of this document
Extract
Geithner Seeks New Bailout Powers
He wants powers similar to those enjoyed by the Federal Deposit Insurance Corp, the bank regulator, which can wind down failed l...
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