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 Senate Strikes Deal on Failing Financial Firms

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Senate Strikes Deal on Failing Financial Firms Vide
PostSubject: Senate Strikes Deal on Failing Financial Firms   Senate Strikes Deal on Failing Financial Firms Icon_minitimeWed May 05, 2010 10:13 pm
Wednesday's vote on the amendment, written by Sens. Christopher Dodd (D., Conn.) and Richard Shelby (R., Ala.), would create new government tools to break up faltering companies so taxpayer money wouldn't be sunk into them, as was done to prevent a wider contagion during the recent meltdown. The provision's goal is to dispel the idea that any company is "too big to fail."

http://online.wsj.com/article/SB10001424052748703961104575226300910059496.html?mod=WSJ_business_LeftSecondHighlights
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