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Washington
Inside Washington (07/11/2008)
* WASHINGTON (7/14/08)--At a hearing Thursday, House Financial Services Committee Chairman Barney Frank (D-Mass.) said expanding the Federal Reserve Board’s powers would be at the top of his priority list next year. He also noted that he wants to give the Treasury more oversight (American Banker July 11). This contrasts to his announcement last year that he wanted to remove some of the Fed’s power because of a poor consumer protection record. If Frank moves ahead with the expansion, it would be the largest broadening of the Fed’s authority in several decades ... * WASHINGTON (7/14/08)--President Bush has nominated Anthony Ryan, assistant secretary of financial markets for the Treasury, to succeed Robert Steel as Treasury undersecretary (American Banker July 11). Steel accepted a position at Wachovia Corp. Wednesday ...


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