TAILIEUCHUNG - Senate Committee on Banking, Housing, and Urban Affairs, Chairman Chris Dodd (D-CT)

Two years ago today, Bear Stearns was collapsing. In the time since, Americans have faced the worst financial crisis since the Great Depression. Millions have lost their jobs, businesses have failed, housing prices have dropped, and savings were wiped out. The failures that led to this crisis require bold action. We must restore responsibility and accountability in our financial system to give Americans confidence that there is a system in place that works for and protects them. We must create a sound foundation to grow the economy and create jobs | Senate Committee on Banking Housing and Urban Affairs Chairman Chris Dodd D-CT Contact Kirstin Brost. 202-224-7391 Summary Restoring American Financial Stability Create a Sound Economic Foundation to Grow Jobs Protect Consumers Rein in Wall Street End Too Big to Fail Prevent Another Financial Crisis Two years ago today Bear Stearns was collapsing. In the time since Americans have faced the worst financial crisis since the Great Depression. Millions have lost their jobs businesses have failed housing prices have dropped and savings were wiped out. The failures that led to this crisis require bold action. We must restore responsibility and accountability in our financial system to give Americans confidence that there is a system in place that works for and protects them. We must create a sound foundation to grow the economy and create jobs. HIGHLIGHTS OF THE NEW BILL Consumer Protections with Authority and Independence Creates a new independent watchdog housed at the Federal Reserve with the authority to ensure American consumers get the clear accurate information they need to shop for mortgages credit cards and other financial products and protect them from hidden fees abusive terms and deceptive practices. Ends Too Big to Fail Ends the possibility that taxpayers will be asked to write a check to bail out financial firms that threaten the economy by creating a safe way to liquidate failed financial firms imposing tough new capital and leverage requirements that make it undesirable to get too big updating the Fed s authority to allow system-wide support but no longer prop up individual firms and establishing rigorous standards and supervision to protect the economy and American consumers investors and businesses. Advanced Warning System Creates a council to identify and address systemic risks posed by large complex companies products and activities before they threaten the stability of the economy. Transparency Accountability for Exotic Instruments Eliminates .

Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.