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Dodd Frank Act

Dimon Whining

Mike Lux | Posted 12.24.2012 | Politics
Mike Lux

One of the things that the wealthiest and most powerful of the insider special interests do to move their interests along is to drop things right before the election that the general public won't notice but that all the inside D.C. players definitely will. Jamie Dimon managed to score just such a deal on Monday.

Why Romney the Closer Is a Consumer Nightmare

Adam Levin | Posted 12.16.2012 | Business
Adam Levin

Mitt Romney is the poster child of big business expediency, where truth is less important than closing the deal. And if he gets elected we'll see a reprise of the Wild West days that ended in the 2008 crisis.

Lies, Damned Lies, Statistics and Paul Ryan

Adam Levin | Posted 12.10.2012 | Politics
Adam Levin

Paul Ryan has remained consistent. His statements are often lies, and when his talk turns to statistics and numbers and the financial facts faced by everyday Americans, his lies expand past the realm of "damned lies" into Mark Twain's third category of exotic deception.

What Mitt Romney and Liar Loans Have in Common (Be Very Afraid)

Adam Levin | Posted 12.05.2012 | Money
Adam Levin

As I watched Governor Romney in the presidential debate Wednesday night I was reminded of a financial tactic the candidate's political supporters and financial backers on Wall Street used during the mortgage boom -- the one that netted them billions of dollars while simultaneously pushing the American economy off a cliff.

Lloyd Blankfein: Some Financial Reforms 'Inadequate'

The Huffington Post | Bonnie Kavoussi | Posted 10.02.2012 | Business

Even Goldman Sachs CEO Lloyd Blankfein says there's a possibility some new financial rules may not be tough enough. "A lot of the reforms containe...

Mitt Romney, Wall Street Money and the Housing Crisis: For the Captors, Not the Rescuers

Dan Petegorsky | Posted 11.19.2012 | Politics
Dan Petegorsky

Voters as well as reporters covering the campaign need to challenge the candidate to provide much more information and many more answers than he's given to date. Otherwise we're left to conclude that he's essentially a shill for the very greediest.

Ben Hallman

Four Years After Lehman, U.S. Banks Fight Reform | Ben Hallman | Posted 09.15.2012 | Business

The collapse of Lehman Brothers four years ago today was the Pearl Harbor moment of a financial crisis that, over the next few months, threatened to b...

Romney's Rage Against Regulation

Adam Levin | Posted 10.29.2012 | Business
Adam Levin

The open hostility of these people to the idea of a government "of the people, by the people, and for the people" really comes down to one thing: utter contempt for "you people." It's shameful. It's intolerable. It must be stopped.

SEC Oil and Mining Rule an End to Secrecy, an Advance for Transparency

Karin Lissakers | Posted 10.27.2012 | Business
Karin Lissakers

With these rules, citizens have been given a potent tool to ensure that their country's natural resources provide them with economic and social benefits. And the era of secrecy for oil and mining companies is coming to a close.

CFPB Making Good on Promises as Latinos Clamor for Stronger Consumer Protections

Janis Bowdler | Posted 09.29.2012 | Latino Voices
Janis Bowdler

Without a doubt, more needs to be done to protect all borrowers from predatory lending and steering. Financial companies on Wall Street must be held accountable with tougher rules and enforcement to prevent the practices that caused the financial crisis.

5 Ways to Become a Credit Adult

Adam Levin | Posted 09.25.2012 | Money
Adam Levin

As we are demanding the business become more accountable to the American people, it is now our turn to demand greater accountability of ourselves.

'People Get It': Most Americans Big Fans Of Wall Street Regulation

The Huffington Post | Alexander Eichler | Posted 07.18.2012 | Business

The people have spoken. And they seem to like banking reform. Americans appear to support government efforts to rein in Wall Street by an unambiguo...

What Dark Knight Rises and the CFPB's First Anniversary Have in Common

Adam Levin | Posted 09.17.2012 | Politics
Adam Levin

Batman just wants to do his job of protecting Gotham from crime. And the CFPB wants to do its job of protecting consumers from financial predators. Perhaps as the Dark Knight Rises to defeat the princes of evil, American voters should finally stand up to this army of darkness.

Catherine New

Americans Borrowing More To Pay For Essentials | Catherine New | Posted 07.11.2012 | Money

College student Simone Bernstein, 20, is using her credit cards to cover her living expenses this summer. She chalks up the debt to an opportunity cos...

Finance Writers Reflect on Dodd-Frank, Wall Street

David Vognar | Posted 08.27.2012 | Business
David Vognar

If safeguards like Dodd-Frank fail to prevent another crisis, there will have to be a serious reexamination of the system. Yet people in the future will be able to point to our regulatory structure as either preventing or permitting another collapse.

Alan Greenspan Tells It Like It Isn't

Raymond J. Learsy | Posted 08.24.2012 | Business
Raymond J. Learsy

Greenspan sprung to the aid of the Wall Street Mafia by proclaiming loud and clear there is no need to return to the Glass-Steagall Act and all it would imply in restricting the proprietary trading of banks: "Glass-Steagall was never a useful vehicle."

Dimon in the Rough: How Wall Street Aims to Keep U.S. Regulators Out of Its Global Betting Parlor

Robert Reich | Posted 08.20.2012 | Business
Robert Reich

Wall Street can't have it both ways -- too big to fail, and also able to make wild bets anywhere around the world. If Wall Street banks demand a free rein overseas, the least we should demand is they be broken up here.

Bankers To Fed: We're Feeling Some 'Unnecessary Tension' Over Executive Pay

Posted 06.12.2012 | Business

Apparently company shareholders don't agree with the Federal Reserve about how executives should get paid, according to those executives. The Fede...

Top Regulator: Congress 'Sides With Wall Street'

The Huffington Post | Alexander Eichler | Posted 06.08.2012 | Business

In the ongoing struggle to shield ordinary Americans from the risks and excesses of big banks, Congress can be counted on to stand with... the big ban...

Congressman Barney Frank Gets Personal and Political

David Goodfriend | Posted 08.06.2012 | Politics
David Goodfriend

In his final term as Massachusetts Congressman, Barney Frank joins us in the Jab room with thoughts on his career, the economy, his reaction to Obama's support of gay marriage and his plans for retirement.

Hello Citizens United, Goodbye CFPB: Consequences of the Wisconsin Recall

Adam Levin | Posted 08.06.2012 | Politics
Adam Levin

If the recall vote in Wisconsin is any hint of what is to come in the next few months, caveat emptor will be the catch phrase of the marketplace and government will go from being our protector to being a supplicant of the one tenth of one percent.

Why Another Major Collapse Is Still Possible

Bloomberg View | Matthew Schoenfeld | Posted 06.01.2012 | Business

Bloomberg View: The near-failure of insurance firm American International Group Inc. (AIG) in 2008 was arguably the most perilous moment of the glo...

Co-Author Of Financial Reform Legislation Says JPMorgan Loss Was 'A Big Deal'

Reuters | Posted 07.31.2012 | Business

* Dodd co-authored Dodd-Frank financial reforms * Bill aimed to limit risk-taking by banks * Citi's Gutierrez says fears...

Some Institutions Are Too Big to Succeed

Harlan Green | Posted 07.24.2012 | Business
Harlan Green

Whether out of ignorance or not understanding the ramifications of such high risk derivative hedges, CEOs such as JP Morgan Chase's Jamie Dimond apparently have little control over the trades such as caused the $2 billion loss.

The Dog That Didn't Bark: Obama on JPMorgan

Robert Reich | Posted 05.16.2012 | Politics
Robert Reich

Obama does have a choice. He can assail Romney's character but he can also take on the system that allows private-equity managers, as well as Wall Street's biggest banks, to continue to make huge profits at the expense of average Americans.