Bair's Concerns About Dodd's Bill Allowing 'Backdoor Bailouts' at Financial Regulation Conference

March 19, 2010 - PRLog -- GoldenNetworking.com's Banking Leaders Forum 2010, “Discerning the New Industry Landscape (If Possible)”, March 25th, with Keynote Speaker Honorable Eugene A. Ludwig, Founder and Chief Executive Officer of Promontory Financial Group, LLC, and former U.S. Comptroller of the Currency, will provide the most up-to-date overview of the new regulatory and economic landscape for the financial services industry. A topic of importance will be the questions raised by Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., on Senator Christopher Dodd's recent bill including government assistance to individual institutions.

The Wall Street Journal reported, "Policy makers need to end the concept of 'too big to fail,' including revising Senate legislation unveiled this week that could still allow for industrywide rescues, a top regulator said Friday. Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., told a conference of community bankers that her agency supports efforts to prevent government assistance to individual institutions, as both the House and Senate have considered. Still, she said legislation released this week by Sen. Christopher Dodd (D., Conn.) contains loopholes that need to be fixed".

Banking Leaders Forum 2010, "Discerning the New Industry Landscape", is produced by GoldenNetworking.com (http://www.goldennetworking.com), the premier community of business executives, entrepreneurs and investors, founded by former McKinsey consultant Edgar Perez. Upcoming Business Receptions and Leaders Forums include:

•   Real Estate Leaders Forum 2010, "Successfully Investing in Distressed Real Estate Assets" (http://www.RealEstateLeadersForum.com), April 22nd, 2010, New York City

•   Venture Capital Leaders Forum 2010, "Setting the Stage for Transformational Change" (http://www.VentureCapitalLeadersForum.com), May 13th, 2010, Boston, MA

Panelists, speakers and sponsors are invited to contact GoldenNetworking.com by sending an email to info@goldennetworking.com. GoldenNetworking.com has been frequently featured in the press, including recent articles in The New York Times, "GoldenNetworking.com Helps Job Seekers Make Overseas Connections" (http://www.nytimes.com/2009/11/07/nyregion/07network.html) and Columbia Business School's Hermes Alumni Magazine, "10 Under 10" (http://www7.gsb.columbia.edu/alumni/news/ten-under-ten).

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