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Dodd Frank

Zach Carter

Senate Democrats Join GOP Attack On Financial and Environmental Regulation

HuffingtonPost.com | Zach Carter | Posted 01.26.2015 | Politics

WASHINGTON -- Four Senate Democrats are working with Republicans to help the U.S. Chamber of Commerce and other GOP-affiliated lobbying groups undermi...

Republicans and Wall Street Say, 'To Hell With Protecting the Public!'

Bill Moyers | Posted 01.25.2015 | Politics
Bill Moyers

[Banks] want to be able to do things their way, and that's very dangerous," MIT economist Simon Johnson tells me. "'Here we go again' -- I think that's the motto for this Congress."

Zach Carter

House Republicans Approve New Perk For Wall Street

HuffingtonPost.com | Zach Carter | Posted 01.14.2015 | Politics

WASHINGTON -- House Republicans on Wednesday pushed through a bill that would delay a key section of the Volcker Rule, ignoring staunch opposition fro...

Ben Walsh

Jamie Dimon Says Banks Are Under Assault As He Announces $4.9 Billion Profit

HuffingtonPost.com | Ben Walsh | Posted 01.14.2015 | Business

We should all do so well while under assault.

Congress, Week 2: Do You Know What They're Working on?

Rachna Choudhry | Posted 01.14.2015 | Politics
Rachna Choudhry

It's the 114th Congress's second week in session -- but it's going to be a short one. The Republicans will be holding their joint retreat at the Hershey Lodge in Pennsylvania the rest of the week. Here's the scoop on what Congress will be working on.

Zach Carter

Second Verse, Same As The First: Republicans Prepare Another Dodd-Frank Attack

HuffingtonPost.com | Zach Carter | Posted 01.13.2015 | Politics

WASHINGTON -- It's official: House Republicans will again try to hamstring the Volcker Rule, after Democrats knocked down a previous effort last week....

Zach Carter

Why These Democrats Flipped To Defeat Wall Street Deregulation

HuffingtonPost.com | Zach Carter | Posted 01.14.2015 | Politics

WASHINGTON -- Anyone who wants to understand the current state of the Democratic Party should pay close attention to what happened this week in the H...

Paul Blumenthal

Plunge In Wall Street Money Bolsters Populist Shift Among Democrats

HuffingtonPost.com | Paul Blumenthal | Posted 01.10.2015 | Politics

WASHINGTON -- With their first act in full control of the new Congress, Republicans tried to push through a bill to delay the Volcker Rule, which limi...

Zach Carter

Jim Himes Thinks Deregulating $100 Billion In Risky Debt Is 'A Tweak

HuffingtonPost.com | Zach Carter | Posted 01.09.2015 | Politics

WASHINGTON -- Rep. Jim Himes (D-Conn.) on Thursday defended an 11-point Wall Street deregulation bill that his own party defeated on the House floor t...

Zach Carter

Democrats Knock Down GOP Bill To Delay Wall Street Reform

HuffingtonPost.com | Zach Carter | Posted 01.07.2015 | Politics

WASHINGTON -- House Democrats on Wednesday knocked down a GOP bill that would have delayed a key Wall Street reform known as the Volcker Rule, stunnin...

Zach Carter

Democrats Rail Against GOP Bill To Delay Volcker Rule

HuffingtonPost.com | Zach Carter | Posted 01.07.2015 | Politics

WASHINGTON -- Congressional Democrats Wednesday ripped a GOP bill to delay a key Wall Street reform, raising the stakes of what Republican leaders had...

Fox News Hosts Have No Idea What Slut-Shaming Means

The Huffington Post | Leigh Weingus | Posted 01.08.2015 | Media

Fox News host Kennedy Montgomery used an, um, interesting phrase to criticize a new rule in the 2010 Dodd-Frank law which could require companies to d...

Sam Levine

GOP Congressman Claims Spurring More Risky Bets Will Make Banking Safer

HuffingtonPost.com | Sam Levine | Posted 01.06.2015 | Politics

WASHINGTON -- Rep. Kevin Yoder (R-Kan.) has finally chosen to defend his role in passing a bill to subsidize Wall Street derivatives trades after goin...

Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives

Ellen Brown | Posted 12.29.2014 | Business
Ellen Brown

The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend.

Schumer's Delicate Dance with Wall Street

Robert Kuttner | Posted 12.22.2014 | Politics
Robert Kuttner

Last week, I wrote a piece in this space lamenting the fact that so many Democrats had voted for a budget package that gutted a key provision of the Dodd-Frank Act. The so called swaps push-out provision, now repealed, required banks to separate their speculative business in derivatives from depository banking covered by government insurance and further protected by the Federal Reserve. The broader budget deal, technically a continuing resolution to keep the government funded through next September, also cut a lot of needed public spending and added several odious riders, including one that raises the ceiling on individual campaign contributions to party committees about tenfold. Had Democrats resolutely opposed the deal, I argued, it would have revealed Republicans as friends of Wall Street and enemies of Main Street -- a useful party differentiation between now and 2016.

Chuck Schumer and the Democrats' Identity Crisis: Economic Policy vs. Rhetoric

Richard Kirsch | Posted 12.22.2014 | Politics
Richard Kirsch

Two weeks before Charles Schumer once again delivered for Wall Street with the omnibus budget deal, he gave a major speech in which he sounded like a progressive champion. He embodies the contradictions that will tear the Democratic Party apart over the next two years.

Zach Carter

Washington Gives Wall Street Another Holiday Gift

HuffingtonPost.com | Zach Carter | Posted 12.19.2014 | Politics

WASHINGTON -- Christmas came early for Wall Street this year. The Federal Reserve on Thursday granted banks an extra year to comply with a key provisi...

Congress Lit the Fuse to the Next Financial Disaster

Richard Zombeck | Posted 12.17.2014 | Politics
Richard Zombeck

Last week, a massive, steaming heap of a bill made up of what amounts to nearly a year's worth of legislation, along with other garbage in the form of riders that were too noxious to pass on their own, was jammed through Congress under the guise of keeping the government open.

Samantha Lachman

Conservatives Grudgingly Praise Warren, Pelosi For Opposing 'Wall Street Giveaway'

HuffingtonPost.com | Samantha Lachman | Posted 12.16.2014 | Politics

WASHINGTON -- Some conservatives have acknowledged that they have ideologically more in common than they would like to admit with Sen. Elizabeth Warre...

Jennifer Bendery

Congressman Goes MIA After Tucking Wall Street Bailout Into Government Spending Bill

HuffingtonPost.com | Jennifer Bendery | Posted 12.16.2014 | Politics

WASHINGTON -- For all the anger among progressives about a Wall Street bailout provision that made its way into the just-passed $1.1 trillion governme...

Brinksmanship and the Return of Financial Crisis

Wallace Turbeville | Posted 12.15.2014 | Politics
Wallace Turbeville

A government shutdown once again loomed, and familiar deadlines and ultimatums flew around Washington. And Congress just used the threat to loosen the rules created in the wake of the financial crisis, a victory for Wall Street banks in their constant and well-funded campaign against reform.

Short Memories, Broken Politics, and the Coming Recession

Daniel Wagner | Posted 12.15.2014 | Politics
Daniel Wagner

If the Great Recession wasn't enough to change the hearts and minds of the bankers, legislators, lobbyists and voters, I really don't know what would be. We bear collective responsibility for perpetuating a terribly broken system.

Cromnibus Postmortem: Democrats Allowed Republicans to Gut Major Legislation

Ian Reifowitz | Posted 12.15.2014 | Politics
Ian Reifowitz

Every single time Republicans threaten to shut down the government when they don't get what they want, we should let them, because every time they will end up forced to back down. The one thing that their ongoing extremism has done is cement in the mind of the American people that they are the crazy ones.

The Speech That Could Make Elizabeth Warren the Next President of the United States

Miles Mogulescu | Posted 12.15.2014 | Politics
Miles Mogulescu

Elizabeth Warren represents a new politics in which, by challenging the power of the oligarchy, she has the potential of reclaiming the white working class for Democrats and uniting them with the coalition of professionals, single women, gays and minorities who elected Obama.

The Budget Fight Was the First Skirmish in the War for the Soul of the Democratic Party

Richard Kirsch | Posted 12.12.2014 | Politics
Richard Kirsch

For the next two years we will see Republicans do everything they can to deliver for corporate America at the expense of the American people. The only question is whether Democrats will enable them. Will President Obama continue to make compromise after compromise?