Geithner meets Cong'l Dems in Closed Door Meeting on Banks-here is the transcriptSubmitted by bobbyw24 on Wed, 04/22/2009 - 08:11
Dems consider bank limits. In a closed-door meeting with House Democrats, FDIC's Sheila Bair suggested the size of banks should be limited and their growth regulated in order to prevent lenders from becoming 'too big to fail.' Bair didn't elaborate on her proposal, but the idea was well received by those at the meeting. Bair also endorsed Rep. Nancy Pelosi's efforts to launch a comprehensive inquiry into the causes of the financial crisis.