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Dodd Bill

Joseph Stiglitz: Banks 'Gutted' Almost Every Provision In The Financial Bill

ABC | Posted 05.25.2011 | Business

Joseph Stiglitz is a Nobel laureate, a former chief economist of the World Bank and he chaired Bill Clinton's presidential council of economic advisor...

How To Make The Financial Reform Process More Transparent: Simon Johnson | SIMON JOHNSON | Posted 05.25.2011 | Business

Televising the conference meetings could help, but, realistically, this is likely to push the substantive decision-making and discussion off-line. The...

Can The U.S. And Europe Agree On Financial Reform Details?

AP | GEIR MOULSON | Posted 05.25.2011 | Business

BERLIN — The United States and Europe broadly agree on the need for reform of the financial system, but global cooperation is needed, U.S. Treas...

Derivatives Reform: The Huge Two Loopholes Congress Is Fighting Over | Mike Konczal | Posted 05.25.2011 | Business

We discussed two potential derivatives loopholes in the bill (One, Two), the first being about what constitutes a trading facility, and the second is ...

Nouriel Financial Reforms 'Cosmetic,' Won't Stop More Crises: Roubini

CNBC | Barbara Stcherbactcheff | Posted 05.25.2011 | Business

Current efforts to reform financial regulation are "cosmetic" and won't prevent another crisis, economist Nouriel Roubini told an audience on Tuesday ...

The Folly of the Financial Regulation Bills

Marty Robins | Posted 05.25.2011 | Business
Marty Robins

One hopes that before our economy can be further damaged from ill-advised measures, the proverbial cooler heads will prevail and reflect on what is really necessary.

Ryan Grim

Dodd: We Have A Deal On 'Too Big To Fail' Banks | Ryan Grim | Posted 05.25.2011 | 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...

Financial Reform: Lobbyists Fret, Call Some Proposals 'Crazy' 'Draconian,' 'Insanely Unproductive' | Brady Dennis | Posted 05.25.2011 | Business

Some industry lobbyists, bracing for significant setbacks in the Senate, already are pinning their hopes on the House-Senate conference process, where...

Ryan Grim

Rahm Working With Fed To Beat Back Audit | Ryan Grim | Posted 05.25.2011 | 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...

'Most Observers' Do Not Agree With Larry Summers On Banking

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The following also appears on What is the basis for major policy decisions in the United States? Is it years of careful study, ...

Progress in Corporate Ethics? Not So Much

Donna Flagg | Posted 05.25.2011 | Business
Donna Flagg

Integrity can't be "written in" to organizational behavior, especially for companies who have unprincipled people working there to begin with. But still, we are mired in regulations.

Wall Street Turns on Democrats

David Paul Kuhn | Posted 05.25.2011 | Politics
David Paul Kuhn

It's no secret. Democrats are seeking to reform the hand that feeds them. Connecticut Democrat Chris Dodd leads the Senate fight for financial reform...

Friday Talking Points [121] -- Swampy Muck

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Once you get started, it becomes quite easy to justify shaking people down for their papers. I think the police should pull over anyone who looks like they work on Wall Street, at any time.

Swiftboating Financial Reform

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Evidence of Republicans' tactic to mislead the public comes in the form of a shady anti-financial reform group called "Stop Too Big To Fail" which today announced a new TV advertising push in three key states.

Reid Leads

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

After three days of repeated cloture votes to bring Chris Dodd's Wall Street reform bill to the floor of the Senate for debate, it appears the Republicans are ready to blink.

Ryan Grim

Dems Plan To Toughen Wall Street Reform Bill On Senate Floor | Ryan Grim | Posted 05.25.2011 | Business

If Senate leadership can overcome a Republican filibuster and begin debate on Wall Street reform, a group of Democratic senators will be ready with am...

Ryan Grim

GOP Fighting To Keep Wall Street Negotiations Secret | Ryan Grim | Posted 05.25.2011 | Business

For the better part of a year, the GOP has blasted Democrats for legislating "behind closed doors" and making "secret deals." On Monday afternoon, the...

Reid Calls Republicans' Bluff

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

By refusing to back down, and refusing to "compromise" (read: water the bill down and add loopholes for Wall Street) with Republicans, Reid is showing real strength, and real leadership.

Financial Reform: 6 Things Worth Fighting For In The Senate Bill: The Roosevelt Institute (PHOTOS)

Posted 05.25.2011 | Business

As the Senate heads into tough negotiations over a historic set of financial reforms, the Roosevelt Institute has put together a crucial set of guidel...

Dan Froomkin

Wall Street Reform: Senate Readies For A Test Of Political Sincerity | Dan Froomkin | Posted 05.25.2011 | Politics

As Robert Kuttner writes today, Senate Democratic leaders Harry Reid and Dick Durbin are pushing for some dramatic up or down votes next week that wou...

Two Senators And Larry Summers On Bank Size

Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Politics

Bank size is suddenly the issue of the day -- with politicians lining up to oppose any meaningful restriction on the size of our largest banks. Their...

Simon Johnson: Ted Kaufman Is Our Ferdinand Pecora

BusinessWeek | Simon Johnson | Posted 05.25.2011 | Business

April 23 (Bloomberg) -- Much of the discussion around the Securities and Exchange Commission case against Goldman Sachs Group Inc. has focused on the ...

Ryan Grim

Dodd Bill Would Allow Fed To Hide Its Spending | Ryan Grim | Posted 05.25.2011 | Business

The Wall Street reform bill headed for a test vote on the Senate floor Monday night will allow the Federal Reserve to continue to pump trillions of do...

Shahien Nasiripour

Geithner Stresses Need For 'Clear Rules' For Wall Street, But Senate Bill Doesn't Have Them | Shahien Nasiripour | Posted 05.25.2011 | Business

In yet another sign that the country can't rely solely on regulators to police the financial system, Treasury Secretary Timothy Geithner told Congress...

Financial Reform: What Should The President Say On Thursday?

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

On Thursday, President Obama will give one of the defining speeches of his presidency. Most presidents are remembered for only 2 or 3 policies or eve...