Posted On: 07/23/2014 9:53:50 AM
Post# of 63764
TBTF REPORT COMING JULY 31
American Banker’s Donna Borak and Victoria Finkle: “A government report detailing the funding advantage the biggest banks receive is likely to be unveiled on July 31 … The highly anticipated Government Accountability Office report, requested by Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., is the second part of a study begun last year to ascertain the advantages the largest banks receive … Brown is expected to call a Senate Banking subcommittee hearing on July 31, when the report is released to the public for the first time … The hearing would be the last day Congress is in session before it goes on August recess.
“Alternatively, Brown or Vitter, as the initial requesters of the report, could put a 30-day hold on the release of the GAO report, but sources consider that unlikely at the moment. While the final details of the report remain unclear, several sources said the GAO was expected to say the funding advantage held by the largest banks has been reduced. That may not be enough for big banks to declare victory, however, as the size of the subsidy could change over time.”
http://bit.ly/1mBGx0w
American Banker’s Donna Borak and Victoria Finkle: “A government report detailing the funding advantage the biggest banks receive is likely to be unveiled on July 31 … The highly anticipated Government Accountability Office report, requested by Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., is the second part of a study begun last year to ascertain the advantages the largest banks receive … Brown is expected to call a Senate Banking subcommittee hearing on July 31, when the report is released to the public for the first time … The hearing would be the last day Congress is in session before it goes on August recess.
“Alternatively, Brown or Vitter, as the initial requesters of the report, could put a 30-day hold on the release of the GAO report, but sources consider that unlikely at the moment. While the final details of the report remain unclear, several sources said the GAO was expected to say the funding advantage held by the largest banks has been reduced. That may not be enough for big banks to declare victory, however, as the size of the subsidy could change over time.”
http://bit.ly/1mBGx0w
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