Under the emerging bill, Congress wouldn't set specific requirements, but would leave it to the Council of Regulators to determine how much capital banks should hold in reserve, or how much investing they can do with borrowed money. Insufficient reserves and too much borrowed money, called leverage, were primary contributors to the financial meltdown. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.