Tag Archives: barney frank


$200 Billion Cap On Collapse Fund – Barney Frank

New York (HedgeCo.net) – The fund which the U.S. House Financial Services Committee is setting up to dismantle large insolvent financial institutions will be limited to $200 billion, MarketWatch reported earlier today. “The cap we have is $200 billion,” House […]

Treasury Swoops to Recoup $165 Million in AIG Bonus Payouts

New York (HedgeCo.Net) – As the national outrage over bonuses paid to AIG execs reaches epic proportions, U.S. Treasury Secretary Timothy Geithner promised the government will recoup the $165 million that was shelled out using bailout money. “We will impose […]

Grace period for Himes doesn’t last long

Connecticut Post – It was with amusement that I read that freshman U.S. Rep. Jim Himes, D-4, will now be a member of the House Financial Services Committee. Why? Because of his expertise? Does anyone realize that he was trained […]