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The donations made by Federal Reserve Governor Lael Brainard were within federal regulations, but they still drew criticism nonetheless due to their timing.
Read More »Fed Governor’s Donation to Clinton Campaign Sparks Controversy
Home / Tag Archives: Senator David Vitter
Bill to Cap Fannie Mae and Freddie Mac CEOs’ Pay Passes in U.S. Senate
S.236, known as the Equity in Government Compensation Act of 2015, was co-sponsored Sen. David Vitter (R-Louisiana) and Sen. Elizabeth Warren (D-Massachusetts).
Read More »Some Lawmakers Believe ‘Too Big to Fail’ Is Still Alive Seven Years After the Crisis
In July 2015, the House Financial Services Financial Institutions and Consumer Credit Subcommittee held a hearing to discuss the criteria for designating a company as a SIFI, criticizing the $50 billion asset threshold required by Dodd-Frank.
Read More »Senators Introduce Bill Limiting Fed’s Lending Authority, Ending ‘Too Big to Fail’
"If big financial institutions know they can get cheap cash from the Fed in a crisis, they have less incentive to manage their risks carefully - which further increases the chance of another financial crisis," Warren said. "This bill would make our financial system safer and help level the playing field between the megabanks and their smaller competitors."
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