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Weekly Audit: Congress Must Get Tough On Wall Street

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger Congress returns from its April recess this week with financial reform at the top of its to-do list. With mil...

Shahien Nasiripour

ANOTHER Fed Official Says Senate Bill Doesn't End 'Too Big To Fail'

HuffingtonPost.com | 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

HuffingtonPost.com | 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...

Shahien Nasiripour

Top Hawk On Fed Supports Restricting Banks' Derivatives Bets, Goes FURTHER Than Obama

HuffingtonPost.com | 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 ...

Senior Fed Official: White House Is Dead Wrong

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

If the legislation currently being debated by the legislature is not real financial reform (and it is not, according to Fisher), then our current policy trajectory amounts to facilitating further rounds of financial dementia.

Weekly Audit: Congress to take up financial reform, but will it be strong enough?

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger Next week, the debate over financial reform will begin in earnest when Congress returns from its Easter break...

Larry Summers: 'Senator Kaufman Is Exactly Right'

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The coming legislative debate will clearly divide people into "for" and "against" our massive global banks that have so manifestly gone bad. For the last time: Which side does the president really want to be on?

Shahien Nasiripour

Richard Fisher, Top Fed Official: Too Big To Fail Lives On, Only Way Out Is To Shrink Megabanks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A top Federal Reserve official blasted the Senate's financial reform bill Thursday night, arguing that it does little to end the perception that megab...

Shahien Nasiripour

Senate Financial Reform Bill DOESN'T End Too Big To Fail, Major Credit Rating Agency Says

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

So much for ending Too Big To Fail. The financial reform bill championed by the Obama administration and Senate Democrats as permanently ending the i...

Ryan Grim

Summers Hears From Unions On Wall Street Reform

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

The White House is confident that a strong Wall Street reform package will emerge from conference committee negotiations between the House and Senate,...

Shahien Nasiripour

Top Fed Official Wants To Break Up Megabanks, Stop The Fed From Guaranteeing Wall Street's Profits [EXCLUSIVE]

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Click on the next page and scroll down for audio of the interview The U.S. should bust up its megabanks and impose strict laws curbing the size and c...

Shahien Nasiripour

Top Fed Official Says Megabanks Need To Shrink Or Crises Will Keep Occurring

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The U.S. financial system is tilted in favor of the biggest banks, compromising the "very foundation of the economic system" and putting the nation at...

Six Key Fights for Wall Street Reform's Next Phase

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Thursday night's passage of Wall Street reform is an event to be celebrated, but several key issues remain in play as the House and Senate iron out differences between their respective versions of the legislation.

Shahien Nasiripour

Volcker: Regulators Can't Be Trusted To Act

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Paul A. Volcker criticized bank regulators Wednesday, saying Congress needs to specifically act to rein in Wall Street...

Shahien Nasiripour

Senator Calls For Aggressive Financial Reform, Deplores Current 'Incremental' Steps

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A senator is calling for the break-up of megabanks and a firmer separation between Main Street banking and Wall Street trading, joining the ranks of l...

What's Still Worth Fighting for on Wall Street Reform?

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

The most important fight from here on out is protecting the surviving elements of the derivatives bill crafted by Sen. Blanche Lincoln. Lincoln's bill would force big banks who deal derivatives to spin off those operations into separate companies.

Shahien Nasiripour

Fed's Kocherlakota: Financial Reform Bill Can't End Bailouts Or 'Too Big To Fail'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Despite declarations from President Obama, his top aides and Democratic leadership that the pending financial reform bill in the Senate will forever e...

Shahien Nasiripour

Fresh Ideas From Leading Thinkers For True Financial Reform

HuffingtonPost.com | 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...

Shahien Nasiripour

No Longer Too Big To Fail? Credit Rating Agency Thinks So

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The giant credit rating agency Standard & Poor's issued a stark warning Tuesday to creditors of Citigroup and Bank of America, two firms that up until...

Shahien Nasiripour

Obama Announcement Revives Regulatory Push

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

President Barack Obama's new proposal to limit megabanks' trading activities wouldn't actually break up "too big to fail" institutions -- but it does ...

Shahien Nasiripour

Fed Chairman Blames Banks For Continued High Unemployment

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben Bernanke on Monday blamed banks for slowing the recovery and keeping unemployment high. Despite hundreds of billions i...

Shahien Nasiripour

RT @huffbusiness New "Too Big To Fail" Bill Gives Feds Power To Undo Dangerous Derivatives Contracts

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The "Too Big To Fail" legislation currently being debated by a House committee has been widely criticized as toothless. But one provision gives the fe...

Happy Halloween: Pay Curbs are a Trick on the Taxpayer, Not a Treat

Marshall Auerback | Posted 05.25.2011 | Politics
Marshall Auerback

The new pay regulations are ostensibly designed to try to align the financial incentives of managers with the longer-term performance of their firms. This measure reeks of bogus populism.

Shahien Nasiripour

Too Big To Fail: House Proposal Would Allow Feds To Break Up Biggest Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A key House Democrat released on Wednesday his much-awaited proposal to end "too big to fail": Let the federal government break them apart. Paul Kanj...

Shahien Nasiripour

10 Years Ago Today, Congress Allowed For "Too Big To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

On the 10th anniversary of Congress voting to repeal the law that had long separated Main Street commercial banking from Wall Street investment bankin...