The Traderszone Network

Published in TZ Latest News 29 November, 2015 by The TZ Newswire Staff

Fed to take up ‘too big to fail’ emergency lending curb

The Federal Reserve Board will consider on Monday a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank’s controversial decision to aid AIG (AIG.N), Citigroup (C.N) and others in 2008. A proposed rule, to be considered by the Fed’s Washington-based board in an open meeting, would require that any future emergency lending be only “broad-based” to address larger financial market problems, and not tailored to specific firms.

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