Legislation to be introduced in Congress will make it easier for the US government to seize control of troubled financial institutions that are considered too big to be allowed to fail, The New York Times says. The bill will be introduced in Congress by a key ally of President Barack Obama - Representative Barney Frank - who chairs the House Financial Services Committee, the Times said, citing a senior administration official. The legislation would make it easier for the government to throw out the financial company's management, wipe out the shareholders and change the terms of existing loans held by...
