Senate said to weigh $50 billion fund to wind down failed firms

Business Week: (Bloomberg) - Senate negotiators are closing in on a deal to create a $50 billion trust fund from fees on large financial firms that may include Goldman Sachs Group Inc. and Citigroup Inc. and be used to wind down failing institutions, said a Senate aide and two people familiar with the talks.

Senator Mark Warner, a Virginia Democrat, and Senator Bob Corker, a Tennessee Republican, are near agreement to create a mechanism that will dissolve companies in an orderly way without using taxpayer funds, according to two Senate aides who declined to be identified yesterday because the talks are private... Read Article

• The Perfect Storm
• CMDB to lower operating costs, improve security and plan for upgrades
• An opportunity for the U.S. Government: Enabling open government through technology
• Red Hat Enterprise Linux: A Higher Value Lower Cost Alternative
• Securing Your Electronic Record Network – Six Mandatory Considerations
  
• Red Hat Enterprise Linux: The Clear Leader in Enterprise Web Applications
• Using Multi-channel Automation to Enhance the Citizen’s Experience
• Seven Practical Steps for Federal Cybersecurity and FISMA Compliance

 

 

more whitepapers...