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Senate Banking Committee

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...

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.

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...

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.

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...

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.

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...

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.

Paul Volcker Testimony: Limiting Banks' Proprietary Activities Would Stabilize The Financial System

Posted 05.25.2011 | Business

A day after Senate Banking Committee Chairman Chris Dodd's office indicated that he may scrap the centerpiece of President Obama's financial regulator...

Geithner: Bank Fee May Be Extended Beyond 10 Years To Recoup Cost Of Bailout

LUCA DI LEO And MICHAEL R.CRITTENDEN | Posted 05.25.2011 | Business

WASHINGTON--The U.S. may extend a $90 billion fee on the country's largest banks beyond the planned 10 years if the government hasn't recouped the cos...

Volcker Rule That Limits Banks' Proprietary Trading Is Unlikely To Move Forward In Senate

Posted 05.25.2011 | Politics

"A proposal by former Federal Reserve Chairman Paul Volcker to limit bank's proprietary trading will be either be dropped or significantly modified in...

Ryan Grim

Is Bernanke Hiding A Smoking Gun? | Ryan Grim | Posted 05.25.2011 | Business

A Republican senator said Tuesday that documents showing Federal Reserve Board Chairman Ben Bernake covered up the fact that his staff recommended he ...

Coalition of Experts Demand Reforms That End Racial Profiling by Financial Institutions

Victor Corral | Posted 05.25.2011 | Politics
Victor Corral

On January 19, amidst reports that Senate Banking Committee Chairman Christopher Dodd (D-Conn.) is considering ditching his proposal for a Consumer Fi...

Moving the Senate Banking Committee to "No" on Bernanke

David Sirota | Posted 05.25.2011 | Politics
David Sirota

Thanks to a bipartisan effort to stop the reappointment of Fed Chairman Ben Bernanke, there's a slim -- but distinct -- possibility that his reappointment can actually be successfully thwarted.

Shahien Nasiripour

Dodd Muted On Bernanke Renomination Prospects | Shahien Nasiripour | Posted 05.25.2011 | Business

Just six weeks after he told Reuters it was essentially a done deal, Senate Banking Committee Chairman Christopher Dodd punted when asked about the l...

Michael Bennet's Wall Street Ties Bring Him Money, Criticism

The Denver Post | Mike Riley | Posted 05.25.2011 | Denver

WASHINGTON -- With a push in Congress to reform regulation over Wall Street, financial firms have been spending big, and among the major beneficiaries...

Financial Regulatory Reform: Dodd's Retirement May Give Crucial May Get Crucial Push | Brady Dennis | Posted 05.25.2011 | Business

Lawmakers, financial industry representatives, consumer advocates and other observers offered varying predictions Wednesday about how Dodd's pending r...

A Lesson From AIG: How to Fix the Fed | Rick Newman | Posted 05.25.2011 | Business

The Federal Reserve made one unambiguous mistake: It kept interest rates too low for too long after the 2001 recession, in the forlorn belief that Wal...

Shahien Nasiripour

State Regulators: Dodd's Bank Bill Creates Another 'Too Big To Fail' Problem | Shahien Nasiripour | Posted 05.25.2011 | Business

State bank regulators are warning that Senate Banking Committee Chairman Christopher Dodd's proposal to create one monolithic federal bank regulator w...

Ryan Grim

Banks' Favorite Dem Set To Chair Banking Committee | Ryan Grim | Posted 05.25.2011 | Business

UPDATE -- The decision by Banking Committee Chairman Chris Dodd (D-Conn.) to decline to run for re-election raises the possibility that Sen. Tim Johns...

Alan S. Blinder: Greed Is Not Good | ALAN S. BLINDER | Posted 05.25.2011 | Business

When economists first heard Gekko's now-famous dictum, "Greed is good," they thought it a crude expression of Adam Smith's "Invisible Hand" -- which i...

Ryan Grim

Bernanke Channels Willie Sutton In Assault On Social Security: 'That's Where The Money Is' | Ryan Grim | Posted 05.25.2011 | Business

Ben Bernanke has overseen the greatest expansion of the Federal Reserve's balance sheet in its history, pouring trillions of dollars into Wall Street ...

Senator Dodd's Reform Bill: Federal Reserve Stripped Of Too Much Power, Say Critics

McClatchy | Kevin G. Hall | Posted 05.25.2011 | Business

WASHINGTON -- Senate Banking Committee Chairman Christopher Dodd's sweeping new financial overhaul legislation, which proposes to strip the Federal Re...

Bipartisan Blight 2: Will Dodd Kill Consumer Financial Protection Agency?

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

A new agency is essential. If Republicans want to stand with banks rather than consumers, let them. Bring the bill up, let Republicans filibuster it. Take that argument into the fall elections.