 "The Record (Bergen County, NJ)")
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Government could take over failed banks, sell their assets
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THE ASSOCIATED PRESS
The Record (Bergen County, NJ)
09-17-2008
Government could take over failed banks, sell their assets
THE ASSOCIATED PRESS
Date: 09-17-2008, Wednesday
Section: NEWS
Edtion: All Editions
WASHINGTON The turmoil on Wall Street is prompting a key Democrat to consider a broad federal market rescue that could include creating a new government entity to take over collapsed financial institutions and sell off their assets, as lawmakers did during the 1980s savings and loan crisis.
Rep. Barney Frank, D-Mass., the House Financial Services Committee chairman, said a body like the ...
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