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Financial Regulation

Banks Set To Lose Swaps Desks - Thanks To Volcker: Financial Times | Tom Braithwaite | Posted 05.25.2011 | Business

Banks are likely to lose a key lobbying battle in the US over whether they will be forced to spin off their lucrative swaps desks, according to people...

Shahien Nasiripour

Federal Reserve's Low Rate Policy Is A 'Dangerous Gamble,' Says Top Central Bank Official | Shahien Nasiripour | Posted 05.25.2011 | Business

A top regional Federal Reserve official sharply criticized Friday the Fed's ongoing policy of keeping interest rates near zero -- and at record lows -...

Goldman Sachs' Abacus Investigations Continue

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

The $550 million settlement reached between Goldman Sachs and the Securities and Exchange Commission last month was not the end of investigations into...

Goldman Sachs' Derivatives Generated 35% Revenue

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

Goldman Sachs made up to 35 percent of its 2009 revenue from derivatives, according to recent documents disclosed to the Financial Crisis Inquiry Comm...

The Regulation Crisis: James Surowiecki | James Surowiecki | Posted 05.25.2011 | Business

These failures weren't accidents. They were the all too predictable result of the deregulationary fervor that has gripped Washington in recent years, ...

Joseph Stiglitz: Why We Can't Trust Regulators To Rein In Wall Street

Project Syndicate | Joseph Stiglitz | Posted 05.25.2011 | Business

This is important not just as a matter of history and accountability: much is being left up to regulators. And that leaves open the question: can we t...

Goldman Discusses Spin Off: Report

Reuters | Posted 05.25.2011 | Business

(Reuters) - Goldman Sachs Group Inc (GS.N) executives are weighing spinning off at least a part of the bank's private equity business following financ...

Academics Back Elizabeth Warren To Head New Consumer Agency

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

A coalition of professors across the country has emailed President Barack Obama in support of Elizabeth Warren as head of the nascent Bureau of Consum...

The Regulator Franchise, or the Alan Blinder Problem

Nassim Nicholas Taleb | Posted 05.25.2011 | Business
Nassim Nicholas Taleb

Alan Blinder is certainly not the worst violation of my sense of ethics, but I have to transcend my human proclivities and swallow my sense of grandeur: someone used public office to, at some point, profit from the public.

Shahien Nasiripour

NOW Questions Obama's Reluctance To Nominate Elizabeth Warren, Asks Whether Sexism At Play | Shahien Nasiripour | Posted 05.25.2011 | Business

The National Organization for Women is asking whether President Barack Obama's apparent reluctance to nominate Elizabeth Warren to head a new consumer...

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...

Four Ways To A Better Financial Reform Bill: David Leonhardt | DAVID LEONHARDT | Posted 05.25.2011 | Business

So the Obama administration and Congress were smart to avoid the magic bullet trap: the wishful idea that one sweeping solution, like breaking up the ...

Goldman's Half Trillion With a Hedge Fund Is Too Big to Ignore

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

In June 2008, Goldman Sachs wasn't subject to the scrutiny imposed on commercial banks. If it were, an auditor would have asked, "What are you doing with half a trillion dollars in notional exposure to a hedge fund?"

Sunday Roundup

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

This week, President Obama signed the financial regulation bill, Facebook signed up its 500 millionth member, and the Senate Judiciary committee signed off on Elena Kagan. But the news cycle was dominated by the media frenzy over Shirley Sherrod. turned the obscure USDA worker's tale of racial awakening into a grainy video snippet "proving" reverse racism. Fox News tore into the story like rabid jackals with a taste for blood and race baiting (Shepard Smith was a noble exception). Tom Vilsack revealed an itchy trigger finger, having an underling force Sherrod to resign via BlackBerry because "you are going to be on Glenn Beck tonight." So the administration left no doubt it's afraid of Beck's shadow, and the president insisted that the buck stops... somewhere else, pointing the finger at the "media culture." The White House and a shamed media want to brand this a "teachable moment" but will the lesson stick?

Financial Reform: Nobody Is Happy

Dr. Philip Neches | Posted 05.25.2011 | Business
Dr. Philip Neches

President Obama signed the finance reform bill into law today. At first blush, nobody seems very happy.

'Sorry Seems to Be the Hardest Word'

Saly A. Glassman | Posted 05.25.2011 | Business
Saly A. Glassman

In the eyes of the investor, financial institutions lost their connection with compassion, understanding, and commitment, and jeopardized their long-term relationships with clients.

10 Ways New Wall Street Reform Law Will Help You

Rep. John B. Larson | Posted 05.25.2011 | Politics
Rep. John B. Larson

For eight years, Wall Street played Russian roulette with America's future while Republicans in Congress looked the other way. The new financial reform law takes major steps towards fixing that.

What Price Safety?

Chris Carey | Posted 05.25.2011 | Business
Chris Carey

With that said, how far do we allow our government to go in protecting the interests of our citizenry? It's difficult to argue about laws that protect some group of us. But enough already!

Daniel Dravot, Goldman Sachs, and the SEC

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

While I may criticize the motivation and timing of the SEC's case, I applaud the long overdue recognition by Wall Street's regulators that they have coddled the mighty and powerful for far too long.

A Marriage Made in Heaven or Hell: Monetary and Financial Stability

José Viñals | Posted 05.25.2011 | Business
José Viñals

While monetary policy frameworks fortified the castle against inflation at the front, they didn't pay much attention to back door vulnerabilities. I'm talking about financial stability.

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 ...

Shahien Nasiripour

Elizabeth Warren Could Head CFPB Without Senate Confirmation | Shahien Nasiripour | Posted 05.25.2011 | Business

This story was updated at 7:15 p.m. ET Tuesday to reflect the final version of Sanders's letter and new information on a letter circulating in the Hou...

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post...

DK Matai | Posted 05.25.2011 | Home
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

DK Matai | Posted 05.25.2011 | Home
DK Matai

Editor's Note: This post has been removed from the Huffington Post....