GAO Chief Criticizes Bank Reform Plan: Charles...
- Share via
From Times Staff and Wire Reports
GAO Chief Criticizes Bank Reform Plan: Charles A. Bowsher, head of the General Accounting Office, said the Treasury Department’s banking reform plan lacks mechanisms to provide early warnings of bank failures. Bowsher, comptroller general of the GAO, took issue with the far-reaching plan during a lunch speech before the Institute of International Bankers in Manhattan. The plan is under consideration in Congress.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
