Tags: frank | bankruptcy | power

Frank: Feds Need More Bankruptcy Powers

Tuesday, 31 Mar 2009 09:34 AM

Barney Frank (D-Mass.), the head of the House Financial Services, tells CNBC that the government needs more authority when it comes to winding down enormous non-bank companies, like General Motors.

"We need to come up with a way to wind down nonbanks without it being all or nothing." Frank told CNBC. "We may have to do that with GM. I hope we don't have to."

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Barney Frank (D-Mass.), the head of the House Financial Services, tells CNBC that the government needs more authority when it comes to winding down enormous non-bank companies, like General Motors."We need to come up with a way to wind down nonbanks without it being all or...
frank,bankruptcy,power
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2009-34-31
Tuesday, 31 Mar 2009 09:34 AM
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