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Senate Banking Committee

Good, Bad and Ugly in Financial Reform

Kathryn Wylde | Posted 05.25.2011 | New York
Kathryn Wylde

With health care out of the way, regulation of the financial industry tops the reform agenda in Washington. New York has a lot on the line.

SEC Chair Schapiro: Swaps | Mary L. Schapiro | Posted 05.25.2011 | Business

While legislation pending in the Senate would bring a host of vital improvements, important gaps in regulation still need to be closed. One such gap ...

Following "Da Money" Trail in Congress

Pearl Korn | Posted 05.25.2011 | Politics
Pearl Korn

Corporate America and its lobbyists continue to hold sway over Congress, and the results are obvious: partisan gridlock and watered-down bills that amount to little more than sell-outs.

Senator Shelby: Dodd Bill Doesn't Fix 'Too Big To Fail'

Posted 05.25.2011 | Business

Alabama Senator Richard Shelby, the ranking Republican on the Senate Banking Committee, has written a letter to Treasury Secretary Tim Geithner voicin...

Dodd Reform Bill May tartups Get Hit By Shrapnel In The Banking Bill | Fred Wilson | Posted 05.25.2011 | Business

What does a bill attempting to regulate the banking industry have to do with startups? Well unfortunately, it contains two provisions that are quite p...

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.

The Volcker Rule: Bank Lobbyists Fight To Change 'Must' To 'May'

Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

As you may just have heard the devil is in the details. Or, in the case of the latest push to reform Wall Street, the devil is in whether or not the d...

Dodd Bill Passed By Senate Banking Committee

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Democrats sent a massive Wall Street regulation bill to the full Senate on a party line vote Monday after a temporary retreat by Re...

Shahien Nasiripour

Corker: Dodd Will Push For Vote On Financial Reform Bill Monday | Shahien Nasiripour | Posted 05.25.2011 | Business

UPDATE: This story was updated at 1:30 p.m. A key Senate Republican says that the committee responsible for authoring new rules to rein in Wall Stree...

The Consumer Financial Protection Bureau: 4 Reasons It Will Be A Stepchild To Big Daddy Regulators

John Taylor | Posted 05.25.2011 | Politics
John Taylor

Tonight, Senator Chris Dodd will bring his financial reform proposal before the Senate Banking Committee, of which he is Chairman. While his proposal ...

Wall Street Reform Ends 'Too Big to Fail'

Sen. Jon Tester | Posted 05.25.2011 | Business
Sen. Jon Tester

Our entire economy almost collapsed a year-and-a-half ago because there were no referees on Wall Street. And sadly, hardworking, honest taxpayers paid the price. Our bill will prevent that from happening again.

The Vitter Amendment Breaches the Banking/Commerce Barrier

SAFER | Posted 05.25.2011 | Business

Jane D'Arista SAFER (Economists' Committee for Stable, Accountable, Fair and Efficient Financial Reform) & Political Economy Research Institute, Unive...

Passing the Lincoln Amendment Gets at a Root of the Crisis

SAFER | Posted 05.25.2011 | Business

In this letter to the Senate, a dozen prominent economists express their support of Section 716 of the Financial Reform Bill, which would Prohibit fed...

Dodd's Bill Likely To Be Passed By Banking Committee: Reuters

Posted 05.25.2011 | Home

The financial reform bill unveiled yesterday by Sen. Chris Dodd (D - Conn.) will likely be approved by the Senate Banking Committee, Reuters reports. ...

Wall Street Rewards Its Own While Main Street Pays the Tab

T.A. Taylor-Hunt | Posted 05.25.2011 | Denver
T.A. Taylor-Hunt

Wall Street firms believe nothing has changed. The terrible truth is that so far, thanks to their own continued success in lobbying for their narrow interests, they are right.

Dodd's Wall Street Reform: READ THE BILL

Huffington Post | Adam Clark Estes | Posted 05.25.2011 | Business

Today, Sen. Christopher Dodd will unveil his financial regulatory reform legislation to the Senate Banking Committee. Based on some predictions, the b...

Ryan Grim

Wall Street Reform Package Is Being Toughened By Public Debate | Ryan Grim | Posted 05.25.2011 | Politics

Battling to delay Wall Street reform from hitting the Senate floor, Republicans worried that once the bill was being debated in public, it would be ha...

Update: Payday Lobby Turns to the Senate

Keith Epstein | Posted 05.25.2011 | Business
Keith Epstein

Fresh signs surfaced today of the influential payday loan industry's muscle in Washington, where lenders' attempts to stay out of the reach of federal...

An Open Letter to the State of Alabama

Adam McKay | Posted 05.25.2011 | Comedy
Adam McKay

Why would Senator Shelby oppose the Consumer Financial Protection Agency and fight against the interests of the people of Alabama? Simple. Cause the banks and credit card companies give him a ton of cash.

Reid Cramer: Financial Reform In Five Steps

Mother Jones | Reid Cramer | Posted 05.25.2011 | Business

The big banks and their lobbyists are vigorously resisting a rewrite of their operating rules and working hard to insert loopholes and exclusions that...

Three Words I Wish Washington Would Learn

Dr. Jim Taylor | Posted 05.25.2011 | Politics
Dr. Jim Taylor

Recent surveys have shown that the trust and regard that Americans hold for their elected officials in Washington is at a historic low. And those government officials wonder why they aren't popular.

Bernanke: Wall Street's Greek Debt Contracts To Be Investigated By Federal Reserve

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Federal Reserve Chairman Ben Bernanke told lawmakers Thursday that the central bank is looking into the use by Goldman Sachs and ot...

Bank Oversight Council Expected To Be Led By Treasury

New York Times | Posted 05.25.2011 | Business

The Senate and the Obama administration are nearing agreement on forming a council of regulators, led by the Treasury secretary, to identify systemic ...

Progressive Hardball

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

If Democrats can start sounding like Democrats again, they'll have a better shot at holding onto their majority in Congress next November.

Dodd Says The Senate Banking Bill Is At An Impasse

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Looking to douse public and congressional anger, chief executives at some of the biggest financial institutions are on a mission to...