Arthur Levitt

Ex-SEC Chairman Defends Goldman: 'Nobody Really Puts Customers First'

The Huffington Post | Khadeeja Safdar | Posted 03.29.2012

Read More: Bloomberg, Goldman Sachs, Video, Greg Smith Goldman Sachs, Financial Services, Mayor Bloomberg, Arthur Levitt, Business News, Customer Service, Greg Smith, Business News

That old adage that the customer is always right might be true. Whether it matters is up for debate. “Nobody really puts customers first,” Art...

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Conundrum: How Can Chronic Deficits Be Fixed?

Henry J. Stern | Posted 07.18.2011

Read More: Mitch Daniels, Mayor Robert Wagner, Arnold Schwarzenegger, Tammany Hall, Unions, Arthur Levitt, Pension Reform, Budget Cuts, New York Budget Deficit, Deficits, Budget Deficits, New York News
Henry J. Stern

Writing about city government is, to a large extent, writing about the mayor. The City Charter provides for a strong mayor, in direct control of the e...

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Has Computer Trading Made the Stock Market a "Crapshoot"?

Robert Auerbach | Posted 05.25.2011

Read More: Cnbc, William H. Donaldson, Milton Friedman, Dodd-Frank Wall Street Reform and Consumer Protection Act, Arthur Levitt, Barrons, Jim McTague, Flash Crash, Washington Post, Eugene Fama, New York Stock Exchange, Fox Business News, Alternate Trading Systems, Sec, Ats, Hft, High Frequency Trading, Securities and Exchange Commission, Business News
Robert Auerbach

A new book will prove indispensible for those interested in the problems and benefits of replacing human traders with algorithmic machines -- in one of most important markets in the world.

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WATCH Ex-SEC Chairman: Financial Reform Bill 'An Irrational Mess'

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Dodd-Frank Act, Elizabeth Warren, Congress, Commodities Futures Trading Commission, Fdic, Federal Deposit Insurance Corporation, Arthur Levitt, Consumer Financial Protection Agency, Cfpb, Sec, Securities and Exchange Commission, Cftc, Video, Business News

Congress "ducked" on financial regulation, neglecting to solve the problems that caused the financial crisis, former SEC chairman Arthur Levitt said. ...

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Will They Pull a Brooksley Born on Elizabeth Warren?

Kathleen Reardon | Posted 05.25.2011

Read More: Elizabeth Warren, Robert Rubin, President Obama, Predatory Bankers, Consumer Financial Protection Bureau, Arthur Levitt, Timothy Geithner, Alan Greenspan, Brooksley Born, Lawrence Summers, Elizabeth Warren CFPA, Consumer Financial Protection Agency, Elizabeth Warren Appointment, Politics News
Kathleen Reardon

Given Obama's hemming and hawing about appointing Warren, it's not far-fetched to think that history could repeat itself. Another woman trying to break the old guard's economic chokehold could be shown the door.

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Arthur Levitt Q&A On Financial Reform: "Changes Are At The Margins"

ProPublica | Karen Weise | Posted 05.25.2011

Read More: Sec, Banks, Wall Street, Financial Reform Bill, Derivative Regulation, Arthur Levitt, Commodities Futures Trading Commission, Consumer Protection, Derivatives, Federal Reserve, Congress, Financial Reform, Obama Financial Reform, Financial Regulation, Business News

After a 20-hour, all-night session, Senate and House negotiators agreed last Friday on a compromise financial reform bill meant to prevent future econ...

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Levitt, Breeden, Ex-SEC Chiefs: The Financial Reform Bill WOULDN'T Have Stopped The 2008 Crisis

bloomberg.com | Jesse Westbrook and Otis Bilodeau | Posted 05.25.2011

Read More: Securities Exchange Commission, Sec, Richard Breeden, Arthur Levitt, Business News

une 16 (Bloomberg) -- Congress's proposed overhaul of U.S. bank regulation wouldn't have averted the 2008 financial crisis and does too little to prev...

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Arthur Levitt: We Need An Orderly Way To Let Companies Fail

ft.com | Arthur Levitt | Posted 05.25.2011

Read More: Lehman Brothers, Aig, Financial Crisis, Financial TImes, Too Big to Fail, Arthur Levitt, Business News

Financial policymakers focused on rewriting the rulebook for financial markets have spent months debating issues related to consumer protections, syst...

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Shahien Nasiripour

House Panel Votes To Permanently Exempt Small Firms From Part Of Post-Enron Law

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Worldcom, Scott Garrett, Arthur Levitt, Barney Frank, Enron, Obama Administration, Investors, John Adler, Rahm Emanuel, Mary Schapiro, Sarbanes-Oxley Act, Financial Crisis, Sec, Securities and Exchange Commission, Business News

A House panel voted Wednesday to permanently exempt more than half of all publicly traded companies from a seven-year-old post-Enron measure designed ...

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Shahien Nasiripour

Obama Administration Helps House Democrat Gut Post-Enron Reforms

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Scott Garrett, Arthur Levitt, Barney Frank, Obama Administration, Carolyn Maloney, John Adler, Paul Kanjorski, Consumer Federation of America, Rahm Emanuel, Mary Schapiro, Sarbanes-Oxley Act, Financial Crisis, Investor-Protections, Securities and Exchange Commission, Business News

With the White House's blessing, a House panel voted Tuesday to water down a key post-Enron measure designed to protect investors. In a voice vote, m...

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Candidate, Former SEC Chairman Bash Water Deal that Flushed $68 Million Down the Sewer

David Ormsby | Posted 05.25.2011

Read More: Daniel Kaplan, Mariyana Spyropoulos, USS Bunker Hill, Chicago News, Johnson & Johnson, Arthur Levitt, Barbara McGowan, Gloria Alitto Majewski, Terry O'Brian, Illinois Poltics, Metropolitan Water Reclamation District, Todd Connor, Mesirow Financial, Kathleen Meany, Frank Avila, Patricia Horton, Bridget Gainer, Greg Harris, Heather Steans, Tom Tunney, Larry Suffredin, Mike Kreloff, Toni Preckwinkle, Susan Garrett, Carol Ronen, Sara Feigenholtz, Jeff Schoenberg, Roberto Maldonado, Debra Shore, Cynthia Santos, Bond Deal, Bond Deal Loss, Chicago News
David Ormsby

The Metropolitan Water Reclamation District got a pasting last Thursday over a botched bond deal that cost Cook County area taxpayers $68 million.

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Muni Bonds Pay-to-Play

John Tepper Marlin | Posted 05.25.2011

Read More: Municipal Securities Rulemaking Board, Sec, Municipal Bonds, Pay-to-Play, Arthur Levitt, Obama Transition, Business News
John Tepper Marlin

The municipal bond market still seems to be rigged in favor of those who "pay to play." It's been that way for 40 years. Why not clean up this part of the financial mess while you are cleaning up the rest?

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