$50 bln liquidation fund still on the table-Dodd

WASHINGTON, April 30 (BestGrowthStock) – A $50 billion fund to
cover the costs of winding down troubled financial firms,
financed by fees on large firms, is still on the table in the
U.S. Senate’s sweeping overhaul of Wall Street regulation,
Democratic Senator Christopher Dodd said on Friday.

Republicans have insisted that the fund be removed as a
condition for allowing the bill to come up for debate. Asked if
the fund was still on the table, Dodd said: “Yes it is.”

“That’s one of the things we’ll be talking about over the
weekend” with Republicans, Dodd told reporters.

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$50 bln liquidation fund still on the table-Dodd