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The bill includes a rescue plan for Fannie Mae and Freddie Mac that would give the Treasury authority to provide the government-backed mortgage giants with new financing in the form of loans or equity.
Congress should give the Treasury authority to purchase only the real financial assets at risk — the actual loans — not the derivatives whose prices depend on the values of those loans.
By obscuring a key fact in "With U.S. Leave, Companies Skirt Iran Sanctions" (front page, Dec. 24) — that the Treasury Department had no discretion to deny authorizations in the large majority of cases reviewed by the article — you assign Treasury authority it simply does not have.
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The legislation would also give the treasury secretary the authority to seek repayments from the insurance industry if the government determined that it was able to bear those costs.
But the Dodd-Frank Act now gives the treasury secretary explicit authority to find that a large, systemically significant financial company is "in danger of default"; to designate the FDIC as receiver; and to seize, break up, and reorganize failing large banks.
There were two consuls, who not only controlled the treasury and held supreme authority in government but also led troops, necessitating their absence from Rome for extended periods.
Pinned down for the last two years in his battered Ramallah bunker, Mr. Arafat has abused his control over the authority's treasury and militias.
"We've been looking at the question of how much authority the treasury and the trade office have had in American foreign policy," one adviser to the president-elect said recently.
That would appease Mr Wellink at the Dutch central bank, who was afraid of losing a national champion, but would also be a headache for the Dutch treasury as the responsible authority for a combined group that is probably too big to be allowed to fail.
Mr. Kruger would also draw from the treasuries of public authorities to a greater degree than the governor and wants to increase gambling hours at gaming facilities.
They are also proposing to raid the treasuries of public authorities, to force Native American tribes to collect cigarette taxes, and to restructure the state's tobacco bonds.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com