NU Online News Service, Sept. 23, 3:53 p.m. EDT
WASHINGTON–The House Financial Services Committee chairman committed his panel today to passing legislation giving federal regulators authority to liquidate troubled non-bank financial institutions including insurers.
"There will be death panels enacted by this Congress, but they will be for non-bank financial institutions that will not be considered too big to die," said Chairman Rep. Barney Frank, D-Mass.
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