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Financial Reform
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Financial Reform Would Shift Feds PowerWed, 03/17/2010 - 07:17In the details of the financial reform legislation introduced this week are fundamental changes to the Federal Reserve that would shift power from the regional Fed banks around the country and concentrate it in Washington and New York, the Washington Post reports. ...
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Wall Street Reform: 'Clock Is Ticking'Mon, 03/15/2010 - 07:10CNN reports that the head of a key banking panel is expected Monday to release a draft bill of sweeping regulatory changes aimed at warding off future collapses in the financial system. While much of the attention has focused on battles over the creation of a new consumer regulator to ensure consumers get a fair shake with mortgages and cred ...
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A Consumer Bill Gives Exemption on Payday LoansWed, 03/10/2010 - 08:23Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a provision from draft legislation that would have empowered federal authorities to crack down on payday lenders, people involved in the talks said. The industry is politically influential in his home state and a significant contributor to his campaigns, the ...
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Don't let banks choose their financial reformThu, 02/25/2010 - 13:39We need real regulation of the financial industry, not one underwritten by banks. ...
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Elders of Wall St. Favor More RegulationWed, 02/17/2010 - 07:54Put aside for a moment the populist pressure to regulate banking and trading. Ask the elder statesmen of these industries — giants like George Soros, Nicholas F. Brady, John S. Reed, William H. Donaldson and John C. Bogle — where they stand on regulation, and they will bowl you over with their populism, the New York times re ...
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Banks Stepped up Spending on Lobbyist, Fighting Stiffer RegulationsTue, 02/16/2010 - 08:15Even as the financial industry has sought to keep a low public profile, some of the country's largest banks have ramped up their spending on lobbying to fight off some of the stiffest regulatory proposals pending in Congress. Lobbying expenditures jumped 12% from 2008 to $29.8 million last year among the eight banks and private equity firms that spent the most to influence legislation, according to the ...
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In SOTU: Obama Gives a Dose of Reality, Bid to Restore MagicThu, 01/28/2010 - 07:50The New York Times that President Obama tried to address the depths of the reports President Obama can hardly be under any illusions about the depth of the partisan divide as he sought to reboot his presidency. ...
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Obama moves further to the right and right to the peopleTue, 01/26/2010 - 01:00President Obama's redefining himself as a populist. ...
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Populist Ire Softens For BernankeMon, 01/25/2010 - 08:45According to the Washington Post, the outlook for Ben S. Bernanke's confirmation to a second term as Federal Reserve chairman brightened over the weekend, as the Obama administration and key senators expressed confidence in his prospects. The Fed chairman's confirmation for another four-year term seemed all but assured a ...
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Obama Eyes Limiting Riskiest Bank PracticesThu, 01/21/2010 - 08:41According to the New York Times, the president will speak at an appearance on Thursday at the White House with Treasury Secretary Timothy F. Geithner. The president’s announcement comes as his popularity in public opinion polls is falling because of stubborn unemployment and the stagnant economy, and just days after he suffered a stingin ...
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Paulson on Wall St. Reform
Mon, 02/08/2010 - 09:01
Henry Paulson, Treasury secretary under President George W. Bush, c ... -
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