FDIC Head Calls For Continued Support Of Dodd-Frank

Law360, New York (June 30, 2011, 6:45 PM EDT) -- The head of the Federal Deposit Insurance Corp. told the U.S. Senate on Thursday that lawmakers must give regulators the money and personnel they need to continue implementing the nation’s financial reform law or the economy’s recovery could falter.

FDIC Chairwoman Sheila Bair told the Senate Banking, Housing and Urban Affairs Committee that the slow pace of economic recovery wasn’t the result of last year’s sweeping Dodd-Frank Wall Street Reform and Consumer Protection Act, but of the deep and enduring impact of the 2008 financial crisis...
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