Weekly Recap
Be sure to check out our “Weekly Recap” to read up on any stories you might have missed this week:
Friday:
“Update1: Congress Approves Jumbo Conforming Limit, Still Unnecessary”
White House Proposes More Authority Over “Too Big to Fail”
A White House official has said that Barney Frank, chairman of the House Financial Services Committee, will introduce legislation as early as this week designed to tackle what the New York Times refers to as “one of the most fundamental issues stemming from the near collapse of the financial system last year:” institutions deemed “too big to fail.”
The legislation would be an alteration to an existing White House strategy on how to deal with some of the nation’s largest financial firms:
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