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Bank Reform

Dodd Move Blocks Progressive Reforms

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Sen. Dodd's decision to vote his own version of the financial reform package out of committee moves the real debate to the Senate floor and worsens progressive's chance of improving the bill.

Financial Reform Proposals By The Obama Administration Ignore 'Too Big To Fail': Simon Johnson | Simon Johnson | Posted 05.25.2011 | Business

We agree completely with the administration's approach -- actually, with Elizabeth Warren's approach -- to consumer protection. (We make this clear i...

On Finance, Obama Hews To Status Quo

Politico | Posted 05.25.2011 | Business

The consensus on President Barack Obama is that he seeks consensus. He's always been a centrist, we are told by his many biographers, so it is no surp...

Ryan Grim

GOP Running Out Clock On Wall Street Reform | Ryan Grim | Posted 05.25.2011 | Business

Senate Republicans are running out the clock on Wall Street reform, reaping dividends from the long-term strategy of delaying Senate action on issues ...

Clients Worried About Goldman's Dueling Goals

New York Times | Posted 05.25.2011 | Business

As the housing crisis mounted in early 2007, Goldman Sachs was busy selling risky, mortgage-related securities issued by its longtime client, Washingt...

Ted Kaufman, A Man Against The Machine

Project Syndicate | Simon Johnson | Posted 05.25.2011 | Business

merica's financial sector has shown renewed strength in recent months - political strength, that is - by undermining most of the sensible proposals fo...

American Women to Dodd: Size Matters

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

As women and as taxpayers, we are writing to tell Senator Dodd that size matters. As he gets ready to take up bank reform in committee next week, we need to talk.

Ryan Grim

The Wall Street Standard: Volcker Rule Opponents Pushing For 60-Vote Threshold | Ryan Grim | 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 ...

USAA Changes its Tune on Financial Reform

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

This week we will see which Senators stand with the Goldman Sachs' of the world and which Senators stand with USAA against unethical and possibly illegal proprietary trading.

Arthur Delaney

Class Warfare: Hundreds Protest Outside Bankers' Houses In DC | Arthur Delaney | Posted 05.25.2011 | Politics

Huge raucous crowds converged outside bank employees' houses on Sunday afternoon to demand banks stop lobbying against Wall Street reform. "Bank of ...

Senator Kaufman Was Right - Our Financial System Has Become Dangerous

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

Senator Ted Kaufman (D, DE) is best known these days for arguing that, as part of comprehensive financial reform efforts, our biggest banks need to be...

The Big Bank Lobby: Too Big to Bear?

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

Bailed out by taxpayers, the big banks are emerging from the financial crisis larger and more concentrated than ever. Their very size offends market competition. Entities that are too big to fail cannot be disciplined by the market. Worse, their size and wealth also undermine democratic accountability. That's why changing the industry's business model and breaking up the banks that are too big to fail are vital steps towards the new economy that we build out of the ruins of the old. This fight must go on.

Bank Deform: Dodd Doubles Down on a Losing Bet

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Watching the devolution of the bank reform bill in the U.S. Senate has been painful. Banking Chairman Chris Dodd's original proposal unveiled last ye...

Shahien Nasiripour

Fight For The CFPA Is 'A Dispute Between Families And Banks,' Says Elizabeth Warren | Shahien Nasiripour | Posted 05.25.2011 | Business

While members of the Senate Banking Committee debate proposals to fix the nation's broken financial system and ineffective approach to protecting cons...

FInancial Reform Bill's Prospects 'Brighten' In Congress | SEWELL CHAN | Posted 05.25.2011 | Business

WASHINGTON -- The prospect of a financial regulatory overhaul's passing Congress brightened on Thursday, as representatives of the banking industry le...

Nick O'Donohue, JPMorgan Bank reform may have $220 bln capital hit

Reuters | Posted 05.25.2011 | Business

LONDON (Reuters) - Top banks will need an extra $221 billion (139.6 billion pounds) of capital and see annual profits slump by $110 billion if all pro...

Hank Paulson Blasts Volcker Rule, Says It Won't Solve The Problem

Times Online | Iain Dey | Posted 05.25.2011 | Business

in an interview with The Sunday Times, Paulson said that the plans to stop banks from betting their own capital on the financial markets would "not so...

Goldman Accused of Rigging "Robin Hood Tax" Vote

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Not satisfied with bringing the global economy to the brink, Goldman now appears to be devoting time and energy to cyber attacks on bank reform campaigners.

Geithner: Global Bank reform still needed | Posted 05.25.2011 | Business

Treasury Secretary Timothy F. Geithner said Saturday that the recovery in the global economy has not caused major economies to ease up on their commit...

Frank Luntz's Careless Use of Clip Art

Chris Savage | Posted 05.25.2011 | Home
Chris Savage

In Luntz's directive to Republicans telling them they should put a personal face on small businesses and feature "grand opening" photos, he used a picture of a Democratic member of Congress, Mark Schauer.

Bank CEOs Hold Private Meeting In Davos | Christin Harper and Aaron Kirchfeld | Posted 05.25.2011 | Business

Jan. 29 (Bloomberg) -- Brian Moynihan, Oswald Gruebel and Josef Ackermann, leaders of some of the world's biggest banks, met during the World Economic...

Barney Frank: Bank Reforms Proposed By Obama Could Become Law Within Months | Patrick Jenkins and Gillian Tett | Posted 05.25.2011 | Business

President Barack Obama's proposals to rein in the US banking sector and its practices could be enacted into law within six months, according to a key ...

World Economic Forum Davos bankers to lobby against Obama reforms | Katie Allen | Posted 05.25.2011 | Business

Banking chiefs will head to Davos this week where they are expected to use the Swiss ski resort's annual economics jamboree to quietly lobby against B...

Eliot Spitzer: Republicans Should Seize Bank Reform | Eliot Spitzer | Posted 05.25.2011 | Business

Gauzy words describing the possibilities for change are always more comforting than defending the current dire straits. That is why -- in addition to ...

Ryan Grim

Shock: American Bankers Association Comes Out Against Bank Reform | Ryan Grim | Posted 05.25.2011 | Business

The American Bankers Association is glad that the House Financial Services Committee made a number of changes to a financial reform package that it re...