Federal Reserve Chairman Ben Bernanke prodded Congress on Friday to enact legislation overhauling the nation's financial regulatory system to prevent a repeat of the banking and credit debacles that had thrust the country into crisis. ...more

October 24, 2009

FEDERAL REGULATION McCAIN: Typically an opponent of government regulations, he has promised tougher ones for the financial industry in response to the current crisis. Though he has not been specific, McCain has said he would reduce the number of federal agencies overseeing banks, thrift institutions and markets to make accountability clearer while imposing tougher capital and disclosure requirements. ...more

November 2, 2008

After the House reversed course and gave final approval to the $700 billion economic bailout package, President Bush quickly signed it into law Friday, authorizing the Treasury to undertake what could become the most expensive government intervention in history. ...more

October 4, 2008