Bailout Fund Too Small for Italy, Greece: FCIC’s Phil Angelides
Phil Angelides, chairman of the Financial Crisis Inquiry Commission, says he believes the current European plan to recapitalize banks is too small.
Fed Conflict of Interest Threatens Reputation: GAO Report
A new report from the Government Accountability Office, which details potential conflict of interest within the Federal Reserve, finds that the Fed is taking on additional risks to its reputation by allowing the banking industry to participate in choosing board members at the 12 regional Fed banks.
Rep. Barney Frank: President Should Appoint Fed Leaders
The top Democrat on the House Financial Services Committee is pushing to limit the voting rights of regional Fed presidents on central bank interest rate decisions.