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Dodd Bill

Why the Finance Bill Won't Save Us

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

The White House has jettisoned all measures in the finance bill that would change the industry's structure -- opting instead for more regulations. But regulations don't work if it's the underlying structure that got us into trouble in the first place.

The Brown Amendment: Do the Volcker Rules Live?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

There's a big problem with relying on subtle regulators. Over the past thirty years, almost all our regulators have become either sleepy or captured by those they are meant to watch over.

Treasury Official Lashes Out At Chamber Of Commerce For Being 'Dishonest' About CFPA

Huffington Post/AP | Posted 05.25.2011 | Business

WASHINGTON (AP) -- The Obama administration went on the attack Wednesday against the country's biggest business lobby over resistance to an overhaul o...

Shahien Nasiripour

Key Senate Republicans Split On Financial Reform Plan | Shahien Nasiripour | Posted 05.25.2011 | Business

Two Republicans on the Senate Banking Committee presented starkly different messages Wednesday on a key provision in the financial reform bill making ...

CNBC's Kudlow: Dodd Bill Is 'Terrific Free Market Reform'

Posted 05.25.2011 | Business

Free market champion and CNBC host Larry Kudlow thinks that the Dodd financial reform bill will zip through Congress. In a panel segment featuring s...

How The Dodd Bill Could Affect Big Banks

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

The Dodd bill raced out of the Senate Banking Committee last night but, even in its current incarnation, it's a bit unclear how it might affect large ...

Tough State Laws Help Protect Consumers, According To Two Recent Studies

Huffington Post | Marcus Baram | Posted 05.25.2011 | Business

One of the more contentious issues in the debate over financial regulatory reform has to do with whether tough state consumer protection laws should c...

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...

The Volcker Rule: Bank Lobbyists Fight To Change 'Must' To 'May'

Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

As you may just have heard the devil is in the details. Or, in the case of the latest push to reform Wall Street, the devil is in whether or not the d...

Dodd Bill Passed By Senate Banking Committee

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Democrats sent a massive Wall Street regulation bill to the full Senate on a party line vote Monday after a temporary retreat by Re...

Finally Holding Wall Street Accountable

Sen. Jon Tester | Posted 05.25.2011 | Business
Sen. Jon Tester

This bill is a big win for Main Street. It holds Wall Street accountable and preserves the critical role community banks have in strengthening communities, jobs, and small businesses.

Financial Reform: Wall Street Predicts 'Significant Fallout' From Bill

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

UPDATE: Investors have apparently decided that big bank stocks will not be hurt by the Senate's financial reform bill, despite the industry's griping....

Ryan Grim

Wall Street Power Play: Bankers In Bizarre Showdown With Auto Dealers | Ryan Grim | Posted 05.25.2011 | Business

Wall Street has found itself battling auto dealers in a last-ditch effort to block an amendment opposed by big banks from coming to the Senate floor. ...

Barney Frank Gets Back At GOP Leader With 'Little Punk Staffer' Buttons

Posted 05.25.2011 | Politics

The debate over Sen. Chris Dodd's financial reform bill is heating up, with the top Republican in the House trading blows with President Obama and Hou...

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 ...

Derivatives Bill Gets Watered-Down By Dodd At The Last Minute

Washington Post | Brady Dennis | Posted 05.25.2011 | Business

Without announcement or fanfare, the Connecticut Democrat -- chairman of the Senate banking committee and chief architect of the pending legislation -...

Financial Reform: Bank Lobby Gathers To Fight Dodd's Bill | Brady Dennis and Steven Mufson | Posted 05.25.2011 | Business

The bankers soon headed to Capitol Hill, talking points in hand -- white folder for House visits, blue folder for Senate visits. They were to protest ...

Ryan Grim

Wall Street Makes Last-Ditch Effort To Gut Reform | Ryan Grim | Posted 05.25.2011 | Business

A new amendment to the Wall Street reform bill carried by Sen. Tom Carper, a Democrat from Delaware, that deals with the potent issue of federal preem...

Ryan Grim

Summers Hits Boehner, Defends 'Little Punk Staffers' | Ryan Grim | Posted 05.25.2011 | Politics

On Thursday, White House senior adviser Larry Summers came to the defense of "punk staffers" trying to write new financial regulatory reform legislati...

Shahien Nasiripour

FDIC's Sheila Bair Backs Consumer Agency, Defying Other Regulators | Shahien Nasiripour | Posted 05.25.2011 | Business

In contrast to her fellow federal bank regulators, Federal Deposit Insurance Corp. Chairman Sheila Bair continues to back an independent consumer-focu...

Shahien Nasiripour

Volcker: Regulators Can't Be Trusted To Act | Shahien Nasiripour | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Paul A. Volcker criticized bank regulators Wednesday, saying Congress needs to specifically act to rein in Wall Street...

Why Dodd's Financial Reform Bill Is A Lesson On How 'Broken' The Senate Is

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Amid all the press preening and words of tepid support from reformers, banks may have much to love about Senator Chris Dodd's latest piece of legislat...

Arthur Delaney

Dodd's Bill Soft On Private Equity And Hedge Funds, Say Critics | Arthur Delaney | Posted 05.25.2011 | Business

On Monday, Sen. Chris Dodd was proud to announce that his financial regulatory reform legislation does not exempt auto dealers from new regulations li...

With Dodd Bill In Mind, Bernanke Argues Fed Should Keep ALL Bank Supervision Duties

AP | JEANNINE AVERSA and JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Federal Reserve Chairman Ben Bernanke on Wednesday urged Congress not to scale back the Fed's regulatory authority over banks. He s...

In Details Of Dodd Bill, Some Loopholes And Unanswered Questions

Huffington Post Investigative Fund | Keith Epstein, Ben Protess and David Heath | Posted 05.25.2011 | Business

The fine print in the sweeping overhaul of the U.S. financial system proposed by Sen. Christopher Dodd reveals loopholes, ambiguities and unanswered q...