iOS app Android app

Financial Regulation

How We Can Save Our Economy

Kevin Zeese | Posted 05.25.2011 | Business
Kevin Zeese

After two years of being asleep at the switch, Congress is finally stepping up and taking action on financial reform. The resulting bill will be a clear indication and definitive proof as to who is actually running our country.

Ryan Grim

Senator Dodd Breaks Off Bipartisan Talks On Financial Regulation Bill To Offer His Own Version | Ryan Grim | Posted 05.25.2011 | Politics

This story is being updated as more details emerge about Dodd's decision Bob Corker was looking for Chris Dodd. When the Tennessee Republican got him...

Hedge Fund Manager Hugh Hendry: We're On Your Side

Telegraph | Hugh Hendry | Posted 05.25.2011 | Business

You don't know me; we've never met. But I fear you are being encouraged to dislike me. Let me explain: I'm a speculator. I manage a hedge fund. Appare...

Teachable Moments -- But Where's the Teacher-in-Chief?

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

The Goldman Sachs fraud case, the BP oil blowout and the stock market going berserk each demonstrate why the private profit motive cannot be relied upon without some steering or harnessing mechanism by government.

Obama Plan Blows Secret Kisses to Wall Street

Ernest Istook | Posted 05.25.2011 | Politics
Ernest Istook

While excoriating Wall Street with his words, Obama is blowing secret kisses to them with his bailout proposal.

Barney Frank Wants Financial Reform Conference Televised | Posted 05.25.2011 | Business

THE REVOLUTION WILL BE TELEVISED -- Or at least the House-Senate conference on financial reform may be, according to POLITICO's Victoria McGrane, who ...

Why Is Wal-Mart Selling Capitalism: A Love Story (Out Today on DVD)?

Michael Moore | Posted 05.25.2011 | Business
Michael Moore

The fact that Wal-Mart is carrying this movie is proof that Corporate America is so secure in its position as the ruler of our country that they can sell a movie that attacks them because it poses absolutely no threat to them.

Is Vikram Pandit in Favor of Real Reform?

James Kwak | Posted 05.25.2011 | Business
James Kwak

Testifying today before the TARP Congressional Oversight Panel, Vikram Pandit claimed that Citigroup is on the side of the angels -- in this case, the side of real financial reform.

Placing Our Faith in Economic Oracles

Tony Blankley | Posted 05.25.2011 | Business
Tony Blankley

In the end, the call for a systemic-risk regulator is yet another futile expression of faith in the power of government to out-think the markets. It is just another foolish bet.

Shahien Nasiripour

Fight For The CFPA Is 'A Dispute Between Families And Banks,' Says Elizabeth Warren | Shahien Nasiripour | Posted 05.25.2011 | Business

While members of the Senate Banking Committee debate proposals to fix the nation's broken financial system and ineffective approach to protecting cons...

Shahien Nasiripour

FDIC Chairman Sheila Bair Committed To Independent Consumer Agency | Shahien Nasiripour | Posted 05.25.2011 | Business

One of the nation's top banking regulators reiterated her support for an independent agency to protect borrowers from predatory lenders, putting her a...

New Banking Rules We'd Like to See

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

News comes today that legislators are close to hammering out new rules for the banking industry. It couldn't come a moment too soon. Frankly, my bank pretty much blows and I'm sure yours does too.

Shahien Nasiripour

Fresh Ideas From Leading Thinkers For True Financial Reform | Shahien Nasiripour | Posted 05.25.2011 | Business

What will it take to fix the nation's broken financial system? If anyone really knows for sure, it's the great minds gathering in New York for a confe...

Krugman: No Bill Is Better Than a Weak Bill

James Kwak | Posted 05.25.2011 | Business
James Kwak

If you want to win a negotiation, you have to be willing to walk away. Taking a stand on consumer protection in financial regulation reform should not be that hard a position for Democrats to take.

Obama May Relent On Consumer Protection Agency

Washington Post | David Cho and Brady Dennis | Posted 05.25.2011 | Politics

The Obama administration is no longer insisting on the creation of a stand-alone consumer protection agency as a central element of the plan to remake...

The Real Price of Proprietary Trading

Gerald Epstein | Posted 05.25.2011 | Business
Gerald Epstein

The Volcker Rule must be expanded to significantly help reduce systemic danger. Most important is to expand restrictions to investment banks, as well as to the "shadow" banking and financial world.

Shahien Nasiripour

Seniors Overwhelmingly Support Financial Reform, AARP Survey Says | Shahien Nasiripour | Posted 05.25.2011 | Business

A new survey finds broad bipartisan support for strong financial reform among senior citizens. The survey, commissioned by AARP and released on Monda...

Senator Maria Cantwell

Local News | Kyung M. Song | Posted 05.25.2011 | Business

Washington Senator Maria Cantwell is leading a crusade against derivatives trading, writes Kyung Song in the Seattle Times: "She has introduced bills ...

Financial Reform Could Expand the U.S. Bureaucracy

Max Stier | Posted 05.25.2011 | Home
Max Stier

This was originally published as an exclusive to Roll Call. The financial reform proposals now before Congress will place greatly increased demands o...

Dump Summers and Geithner: Bring in Warren and Spitzer

Robert S. McElvaine | Posted 05.25.2011 | Politics
Robert S. McElvaine

The time is overdue for Obama to sack the gold men with ties to Goldman Sachs and replace them with people who will bring honesty and fairness to the nation's financial services sector.

Break Up With Your Abusive Big Bank -- Move Your Money

Scott Kwasny | Posted 05.25.2011 | Denver
Scott Kwasny

Colorado customers of the "Too Big To Fail" banks are sending a clear message that they've had enough of Wall Street excess, and they're hitting the banks where it hurts the most.

Nick O'Donohue, JPMorgan Bank reform may have $220 bln capital hit

Reuters | Posted 05.25.2011 | Business

LONDON (Reuters) - Top banks will need an extra $221 billion (139.6 billion pounds) of capital and see annual profits slump by $110 billion if all pro...

Shahien Nasiripour

Fed President: Great Depression Possible If Federal Reserve Stripped Of Bank Oversight | Shahien Nasiripour | Posted 05.25.2011 | Business

The U.S. risks falling into another "Great Depression" if the Federal Reserve is stripped of its bank oversight powers, a top Fed official warned Tues...

SEC's Tougher Financial Regulations Have Been Stalled For More Than A Year | Zachary A. Goldfarb | Posted 05.25.2011 | Business

But more than a year after Schapiro took office, the SEC has not yet written into the Wall Street rulebook the short-selling limits -- or most of the ...

Banks, Credit Card Issuers Find Ways Around New CARD Act Rules

DailyFinance | TRACY COENEN | Posted 05.25.2011 | Business

The new rules, which go into full effect on February 22, threaten to take a big bite out of the $15 billion in penalties and fees that the industry co...