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House panel OKs covered bonds bill

Daily newsbrief journal for June 2011, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats
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House panel OKs covered bonds bill

Postby admin » Wed Jun 22, 2011 11:40 pm

House panel OKs covered bonds bill
WASHINGTON (Reuters) - A House of Representatives panel on Wednesday approved a bill designed to create a market for covered bonds, instruments that offer banks a way to raise money for new mortgages, while providing investors more options for highly rated securities.
http://feeds.reuters.com/~r/Reuters/Pol ... UW20110622
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