U.S. Treasury Seeks to Ease Path for Bank Seizures in Dodd Bill

This article dissects the complexities of the new regulatory bill that the Obama administration is trying to push through that would cause the largest restructuring of Wall Street regulation since 1930. The current stagnancy is attributed to a particular part of the bill regarding control of large financial institutions during bankruptcy or failure. The current proposal prohibits the dismantling of banks that may hurt the system and the US Treasury Department would like to have the power to control the amount of money injected into these troubled institutions while they determine their place in the market. Both the Treasury Department and the Senate are working hard together to perfect the plan while still maintaining a stern stance on the financial industry.