April 14 (Bloomberg) — Senator Judd Gregg, a Republican from New Hampshire, talks with Bloomberg’s Peter Cook about plans to overhaul the financial regulatory system. Obama called House and Senate leaders to the White House today to push for progress on the rules overhaul he proposed after a financial crisis that led to the collapse of Lehman Brothers Holdings Inc. and Bear Stearns Cos. and $700 billion in US aid for banks including Citigroup Inc. and Bank of America Corp. (Source: Bloomberg)
Tag: Derivatives
Goolsbee Says Financial Overhaul Bill Forbids Bailouts: Video
April 14 (Bloomberg) — Austan Goolsbee, a senior White House economic adviser, talks with Bloomberg’s Lori Rothman and Julie Hyman about today’s meeting between President Barack Obama and House and Senate leaders. Obama said congressional leaders must finish work on revamping US financial-market rules, including oversight for the $605 trillion over-the-counter derivatives market. Republican Leader Mitch McConnell, who was at the White House meeting, has characterized the proposal as a guaranteed bailout for failing banks. (Source: Bloomberg)