Derivatives Spinoff Proposal 'Goes Too Far,' Says Frank
By Damian Paletta and Victoria McGrane
Published: May 25 2010 WSJ
House Financial Services Committee Chairman Barney Frank (D., Mass.) on Tuesday said the White House's proposal to stop banks from certain risky trading practices would "very likely" be in the final financial overhaul, but he said a separate provision to force banks to spin off their derivatives businesses "goes too far."
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