iOS app Android app

Merkley Levin Amendment

Tim Geithner Ignores Volcker Rule, Touts 'Financial Innovation'

The New York Times | SIMON JOHNSON | Posted 05.25.2011 | Business

Amazingly, Mr. Geithner made no reference to the Volcker Rule, either explicitly or even implicitly -- despite the centrality of this idea to the rece...

Is Paul Volcker Barack Obama's Potted Plant?

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

If after all the fanfare, photo ops, and promises to fight, the Obama administration shamefully doesn't manage to get the Volcker rules into an already weak financial reform bill, I hope Volcker doesn't wait until the next life to speak out.

Lucia Graves

Merkley, Levin Push Reid on Volcker Rule | Lucia Graves | Posted 05.25.2011 | Business

An amendment to prohibit major banks from participating in proprietary trading with taxpayer-backed money has failed in name but its authors hope it w...

Ryan Grim

Paul Volcker Supports Merkley-Levin Amendment To Senate Financial Reform Bill | Ryan Grim | Posted 05.25.2011 | Business

Clearing up any confusion about where he stands, White House economic adviser Paul Volcker sent a simple note to Sens. Carl Levin (D-Mich.) and Jeff M...

Finally, the Republicans Come Out to Fight: Where Is the President?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Paul Volcker made his determination long ago: the big banks are too big and must be broken up. The Republicans have made their answer clear: No way. Time for Obama to make the call.