Junior Member of Senate Banking Committee Highlights Growing Danger of Sovereign Debt Crisis in Europe
WASHINGTON–(ENEWSPF)–December 14, 2011. Following the failure of European leaders to build decisive consensus on managing the growing European sovereign debt crisis, U.S. Senator Mark Kirk (R-IL) wrote to Treasury Secretary Geithner about the ‘systemic risk’ this crisis poses to U.S. banks and other financial institutions.
Under the 2010 Wall Street Reform and Consumer Protection Act, a new ‘Financial Stability Oversight…
