The Federal Reserve is likely to emerge as the most powerful regulatory agency in the Obama administration’s plan for overhauling financial market oversight, people familiar with the proposal said. … Citigroup Inc., whose primary regulator is the Fed, has received $45 billion in government cash injections after loans made to less-creditworthy homebuyers defaulted and the bank had to bail out investment funds set up to hold higher-risk mortgage securities off its balance …
See the original post here:
Geithner Said to Tell Bernanke Fed Gains Most in Rules Overhaul …
Tags: bail-out, balance, bank, bank-had, citigroup-inc-, federal-reserve, plan-for, proposal
