Administration, Fed Strike Deal On Regulating
WASHINGTON (AP) - Clinton and the Fed agree to share power Over banks that
move into The securities and insurance business!
The accord announced Thursday could mean President Clinton would sign
sweeping legislation that Congress is close to enacting. This legislation would lift the
Depression-era legal barriers and allow banks, brokerage firms and insurance companies to
A diverse coalition including consumer activist Ralph Nader, conservative
Phyllis Schlafly and conservative Republicans and liberal Democrats in the House and
Senate, denounced the legislation on grounds it fails to adequately protect consumers'
Full story at Tampa