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Entries by Ryan Grim from 05/2010

Greenspan Wanted Housing-Bubble Dissent Kept Secret

Posted 05.03.2010 | Business

As top Federal Reserve officials debated whether there was a housing bubble and what to do about it, then-Chairman Alan Greenspan argued that dissent ...

Rahm Working With Fed To Beat Back Audit

Posted 05.03.2010 | Business

The White House, Federal Reserve and Wall Street lobbyists are kicking up their opposition to an amendment to audit the Fed as a Senate vote approache...

Fed Privately Lobbying Against Audit, Documents Show

Posted 05.04.2010 | Business

The Federal Reserve is privately lobbying against a bipartisan Senate amendment that would open the central bank to an audit by the Government Account...

Harry Reid Pushing For Majority Vote On Wall Street Reform

Posted 05.04.2010 | Politics

A simple majority of the Senate will be all that is required to adopt an amendment to Wall Street reform, if Majority Leader Harry Reid (D-Nev.) gets ...

Faisal Shahzad Arrest: Lieberman Proposes Taking Away Citizenship Of Suspected Terrorists

Posted 05.04.2010 | Politics

In arguing against the reading of Miranda rights to terrorism suspects or affording them other constitutional protections, opponents of civil libertie...

Durbin, Number Two Senate Democrat, Backs Breaking Up Banks

Posted 05.04.2010 | Politics

Dick Durbin (D-Ill.), the Senate's number two Democrat, took to the floor Tuesday to back an amendment to Wall Street reform that would break up big b...

Fed Audit Amendment Gaining Momentum

Posted 05.04.2010 | Politics

A Senate amendment to open the Federal Reserve to a government audit continued to pick up support on Tuesday. Sen. Jeanne Shaheen (D-N.H.), who voted ...

Harry Reid: GOP 'Making Love To Wall Street'

Posted 05.05.2010 | Politics

Harry Reid has always had a way of turning a phrase. On Wednesday afternoon, he turned his talents to a description of the GOP's relationship with Wal...

Dodd: We Have A Deal On 'Too Big To Fail' Banks

Posted 05.05.2010 | Business

Lead Senate negotiators have reached a deal on the portion of the Wall Street reform bill that deals with banks considered "too big to fail", Sen. Chr...

Fed Transparency: Dorgan, Grassley Push Amendment To Disclose Spending

Posted 05.05.2010 | Business

A bipartisan pair of senators opened a second front in the fight to bring transparency to the Federal Reserve on Wednesday, introducing an amendment t...

Wall Street Reform: Progressive Dems Glimpse Victory

Posted 05.06.2010 | Politics

For the first time since the Great Depression, Congress has Wall Street on the defensive. One setback after another has beset the financial titans acc...

Reid Backs Breaking Up Banks, Auditing Fed

Posted 05.06.2010 | Business

Harry Reid will make sure that an amendment to break up megabanks and cap their size comes up for a vote, the Senate majority leader said. He added th...

Fed Audit Amendment Deal Struck In Senate

Posted 05.06.2010 | Business

Sen. Chris Dodd (D-Conn.) will cosponsor Sen. Bernie Sanders' (I-Vt.) amendment to audit the Fed, he said on the Senate floor Thursday afternoon, thou...

Senate Votes For Wall Street; Megabanks To Remain Behemoths

Posted 05.06.2010 | Business

A move to break up major Wall Street banks failed Thursday night by a vote of 61 to 33. Three Republicans, Richard Shelby of Alabama, Tom Coburn of O...

Ron Paul Backs Fed Audit Compromise

Posted 05.10.2010 | Politics

No politician has been more closely associated with the populist assault on the Fed over the last few decades than Dr. Ron Paul, the libertarian-leani...

96-0: Fed Audit Passes Senate

Posted 05.11.2010 | Business

UPDATE - 12:10 p.m. - The amendment to open the Fed to a one-time audit of its lending between December 1, 2007 and the present passed 96-0. * * * *...

Franken Amendment Picks Up Bipartisan Support

Posted 05.11.2010 | Business

A critical amendment to the Wall Street reform bill being debated in the Senate this week picked up a key Republican backer Tuesday. The amendment, sp...

Donor Strike: Rich Progressives Pledge To Withhold Cash

Posted 05.12.2010 | Politics

A group of 27 major donors is vowing to withhold campaign cash from lawmakers who stand in the way of legislation that would allow for public funding ...

Wall Street Reform Package Is Being Toughened By Public Debate

Posted 05.13.2010 | Politics

Battling to delay Wall Street reform from hitting the Senate floor, Republicans worried that once the bill was being debated in public, it would be ha...

Reid Treats Durbin-Schumer Fight Like Hockey's Stanley Cup: 'Could Care Less'

Posted 05.13.2010 | Politics

The shadow campaign for the Senate majority leader position has been underway for several months, but the man who currently holds the job -- and who p...

Conservatives Blast McConnell For Voting 'No' On Audit The Fed Amendment

Posted 05.14.2010 | Politics

Just days ahead of a key Kentucky GOP primary, Mitch McConnell cast a symbolic vote against auditing the Federal Reserve -- the issue that is most clo...

Wyden Rages At DeMint: 'I Never, Ever Would Have Done That To Another Colleague'

Posted 05.14.2010 | Politics

A bipartisan effort to bring increased transparency to the system that allows individual senators to secretly hold up legislation and nominations coll...

The Wall Street Standard: Volcker Rule Opponents Pushing For 60-Vote Threshold

Posted 05.17.2010 | Business

Senate Republicans are threatening to filibuster an amendment that would bar commercial banks from using taxpayer-backed money to trade for their own ...

Reid: Wall Street Debate To End In Senate This Week

Posted 05.17.2010 | Business

Senate Majority Leader Harry Reid (D-Nev.) is "likely" to file cloture on the Wall Street reform bill Monday evening, setting up a final vote on the l...

Souder, Leading Drug Warrior, Asks Forgiveness For Sins

Posted 05.18.2010 | Politics

Mark Souder resigned his congressional seat on Tuesday, confessing to an affair with a staffer and ending an eight-term career as a Republican from In...