Word: bille
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Dates: during 2000-2009
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...What's got into Geithner? The short answer: a deadline. With their energy bill stalled, health care dragging out and other initiatives pushed aside, financial reform is a high priority for an Administration in search of wins. Geithner's bosses at the White House are pushing to get a bill to the President for his signature by the end of the year, and Geithner is the point man in making that happen. (See 25 people to blame for the financial crisis...
...with committee chairman Barney Frank, which includes new powers for regulators and the Federal Reserve to limit risk among the nation's biggest financial institutions, and to dissolve those institutions in an orderly way if they fail. At the same time, the Senate is moving ahead with its own bill, with talk of a markup in Connecticut Senator Chris Dodd's Banking Committee before Thanksgiving. Treasury has even held preliminary discussions with Dodd and Frank staffers about how to meld the two bills, even though both versions remain in flux. Earlier in the fall, Geithner's staff went through their...
...bill passed, and Thursday's reception in the House shows he has a rough road ahead. The committee's ranking Republican Spencer Bachus of Alabama attacked the bill for a lack of transparency, saying he opposed plans to keep secret which banks were subject to the new powers sought by the Administration. A top committee Democrat, Paul Kanjorski of Pennsylvania, said he feared the bill's accumulation of executive-branch power. Regulators are also sniping. At Thursday's hearing in the House, Federal Deposit Insurance Corporation chair Sheila Bair said the Administration's plan didn't give enough power...
...Geithner's gamble is that he can leverage that political advantage to rush a bill that will restructure much of the financial system of the United States in a matter of months. It will be a big win for the Administration if he does, as long as the hurried result actually helps, not hurts, financial stability...
...result a movement has emerged at Harvard to reform the legal services industry at nearly every level—from the way associates are recruited to the way law firms bill and interact with their clients...