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Financial Regulatory Reform

White House Launches Campaign Against 'Foolish' McConnell, GOP 'Fantasy' On Financial Reform

Sam Stein and Jeff Muskus | Posted 05.25.2011 | Politics

The White House is launching a tough new campaign against Senate Minority Leader Mitch McConnell (R-Ky.) and the GOP generally on financial reform, a ...

Ryan Grim

Corker On McConnell's Wall Street Rhetoric: 'Let's Act Like Adults' | Ryan Grim | Posted 05.25.2011 | Politics

Sen. Bob Corker (R-Tenn.) said on Thursday that he's been urging his GOP colleagues to be more cautious in the rhetoric they use to describe the Wall ...

Financial Regulators At War -- With Each Other

ProPublica | Jeff Gerth | Posted 05.25.2011 | Business

Backers of financial regulatory reform are gearing up for the final stretch in a yearlong effort to construct a new, streamlined architecture. But rec...

The Republican Strategy on Financial Reform: Make Democrats Look Like Patsies for Wall Street

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Republicans figure the public's attention span is so short they won't remember that it was the GOP who bailed out Wall Street. And they hope financial reform is too complex for voters to understand.

GOP Senate Leader Goes To War For Wall Street: 'We Must Not Pass The Financial Reform Bill' | Posted by Adam Sorensen Tuesday, April 13, 2010 at 1:01 Pm | Posted 05.25.2011 | Politics

Bit by bit, bipartisan negotiations in the Senate over financial regulatory reform have broken down. Richard Shelby, the ranking Republican on the Ban...

Republican Defenders of Wall Street Beware: The Tea Party Is Coming

Robert Creamer | Posted 05.25.2011 | Business
Robert Creamer

Wall Street is a powerful political "wedge" issue. Lining up with the Wall Street Banks this spring is going to be really bad politics for Republicans this fall.

Shahien Nasiripour

ANOTHER Fed Official Says Senate Bill Doesn't End 'Too Big To Fail' | Shahien Nasiripour | Posted 05.25.2011 | Business

The Senate financial reform bill serving as the base text for Congressional negotiations doesn't end the perception that the nation's largest financia...

Shahien Nasiripour

Regional Fed Chiefs Lining Up To Support Tough Derivatives Provision, Obama Admin. Still Opposed | Shahien Nasiripour | Posted 05.25.2011 | Business

Another top Federal Reserve official offered his support this week to a Senate provision that would force megabanks to spin off their lucrative and ri...

Finally, an Explanation for the Bankers' Behavior, and the Insurers' Too!

Carine Fabius | Posted 11.17.2011 | Healthy Living
Carine Fabius

When people gain power, they become fearless when it comes to taking risks, and have a false sense of control. Sound like a banker or politician you know?

Shahien Nasiripour

Top Hawk On Fed Supports Restricting Banks' Derivatives Bets, Goes FURTHER Than Obama | Shahien Nasiripour | Posted 06.10.2010 | Business

The top fiscal hawk and longest-serving policy maker in the Federal Reserve supports limiting banks' derivatives activities, a potential blow to Wall ...

Call to Action: Educate About Financial Reform

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

This financial crisis was not caused by "mistakes" by some of the smartest people in the world but by arrogance, greed, and yes, crime.

Shahien Nasiripour

Federal Reserve Gets Political, Sends Congress Veiled Message | Shahien Nasiripour | Posted 05.25.2011 | Business

Facing perhaps the biggest loss of power in the institution's nearly 100-year history, the Federal Reserve fought back today with a little-noticed mov...

Robert Reich: The Obama Administration's Approach To Financial Reform Will Do 'Nothing' To Change Wall Street (VIDEO)

Posted 05.25.2011 | Politics

Former Secretary of Labor Robert Reich blasted the Obama administration's approach to financial reform on Sunday. After Obama's top economic adviser, ...

Christina Marie Fierro

Questions Raised As Feds Look To Become More Intertwined With Credit Rating Agencies | Christina Marie Fierro | Posted 05.25.2011 | Business

Senator Al Franken's proposed Credit Rating Agency Board will reward the most "accurate" credit rating agencies with more accounts, but the panel's me...

Ryan Grim

Barney Frank Permanently Bans Staff From Communicating With Aide-Turned-Lobbyist | Ryan Grim | Posted 05.25.2011 | Politics

House Financial Services Committee Chairman Barney Frank (D-Mass.) has instituted a permanent ban on committee staff communication with Peter Roberson...

Corker: I Can't Support Financial Reform Bill

Posted 05.25.2011 | Business

It's never as easy as it seems. Ever since the Senate Banking Committee passed Chris Dodd's (D-Conn.) financial regulatory reform bill last week, mom...

3,000 Pages Of Financial Reform Still Not Enough

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

For decades, until Congress did away with it 11 years ago, a [34-page] Depression-era law known as Glass-Steagall ably protected bank customers, indiv...

Senate Banking Committee Slaps 'Giant Wall Street Banks,' Argues That Reform Helps Community Banks

Huffington Post | Posted 05.25.2011 | Business

The Obama administration and its congressional allies seem to be getting more aggressive in the push to pass financial regulatory reform. Last Wednesd...

Proposed 'Protections' for Angel Investors are Unnecessary and Will Hurt America's Job Creators

Robert E. Litan | Posted 05.25.2011 | Business
Robert E. Litan

In the financial reform bill outlined by Sen. Dodd are provisions that are both unnecessary and unhelpful at a time when policymakers should be looking for ways to make it easier to finance new businesses.

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 ...

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...

FDR Had It Right: Consumer Protection Is About Ideas, Not Acronyms

Jesse Strauss | Posted 05.25.2011 | Politics
Jesse Strauss

History instructs that the "independence" of the regulator is beside the point. Consumer protection depends on altering the fundamental relationship between the buyers and sellers of financial products.

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...

On Wall Street "Reform," Remember Spinal Tap's Lesson: the Volume May Go to 11, but That Can't Hide Bad Music

David Sirota | Posted 05.25.2011 | Politics
David Sirota

Volume cannot hide poor quality. Spinal Tap's songs, no matter how loudly played, were quite awful. And Wall Street "reform" legislation, no matter how loudly celebrated, is the offensive punchline to a bad joke.

Queens County Economic Forecast

Kathryn Wylde | Posted 05.25.2011 | New York
Kathryn Wylde

Queens County Economic Forecast Speech to the Long Island City Business Development Corporation March 18, 2010 While the focus of the Queens Econom...