"Mr. Frank announced that the legislation he was drafting would exempt a variety of businesses � merchants, retailers and providers of retirement
Posted by
Loyola
Sep 23 '09, 13:04
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plans, among others � from oversight by the new consumer financial protection agency.
�We will be putting a package of legislation together that will substantially diminish that problem,� Mr. Frank said. �We will be providing for mechanisms for putting financial institutions out of their misery. There will be death panels enacted by this Congress but they will be for large institutions that are seen as too big to die."
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