In a – maybe not – surprising turn of events on Wednesday, the U.S. Treasury Department changed its tune about ousting Alexander Hamilton from the front of the $10 bill in favor of a woman, and instead will replace Andrew Jackson’s mug on the $20 bill with that of Harriet Tubman, though it will still be years before the new design is released. [More]
Jack Lew
Federal Judge: Government Didn’t Prove MetLife Is ‘Too Big To Fail’
By 4.7.16
How can a financial company become a threat to the entire economy? If its failure would be catastrophic for the economy and the financial system, it’s considered “too big to fail.” That concept was formalized as part of the Dodd-Frank financial legislation of 2010, and the government has special requirements for institutions considered too big to fail. Today, a federal court ruling was unsealed where a judge ruled that the government didn’t sufficiently prove that one such company, MetLife, really fit the requirements. [More]
U.S. Treasury: There Will Be A Woman On The $10 Bill
By 6.18.15
Move over, Alexander Hamilton: Come 2020, the country’s first secretary of the treasury will be sharing the $10 bill with a woman. It will be the first time in more than a century that a woman’s face will appear on American paper currency. [More]
