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Volcker Rule

Glass-Steagall's Political Firewall

Adam Levitin | Posted 10.27.2015 | Politics
Adam Levitin

Until the political importance of Glass-Steagall is recognized, financial reform is doomed. Captured regulators will implement milquetoast versions of reform laws, and Congress will entertain amendments to slowly repeal the reforms.

Dodd-Frank: Five Years After

Stephen G. Cecchetti | Posted 07.13.2015 | Business
Stephen G. Cecchetti

On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (hereafter, DF), the most sweeping financial regulatory reform in the United States since the 1930s. Let's have a look at the most noteworthy accomplishments and the biggest failings so far.

Zach Carter

Canada Just Threw A Grenade Into Elizabeth Warren's Trade Fight With Obama | Zach Carter | Posted 05.14.2015 | Politics

WASHINGTON -- President Barack Obama and Sen. Elizabeth Warren (D-Mass.) have been locked in a public feud over whether free trade agreements can be u...

Zach Carter

Elizabeth Warren's Next Target Is The Fed's Top Lawyer | Zach Carter | Posted 02.24.2015 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) grilled Federal Reserve Chair Janet Yellen on Tuesday over public advocacy of deregulation by the centra...

Republicans and Wall Street Say, 'To Hell With Protecting the Public!'

Bill Moyers | Posted 03.22.2015 | Politics
Bill Moyers

[Banks] want to be able to do things their way, and that's very dangerous," MIT economist Simon Johnson tells me. "'Here we go again' -- I think that's the motto for this Congress."

Jason Linkins

So That Happened: Against All Logic, A 2012 Loser Is Reborn | Jason Linkins | Posted 01.18.2015 | Politics

This week, the 2016 presidential race was roiled by the announcement that former GOP nominee and 2012 loser Mitt Romney was, against all logic, getting his band back together to mount yet another run for the White House. This has baffled everyone.

Zach Carter

House Republicans Approve New Perk For Wall Street | Zach Carter | Posted 01.14.2015 | Politics

WASHINGTON -- House Republicans on Wednesday pushed through a bill that would delay a key section of the Volcker Rule, ignoring staunch opposition fro...

Zach Carter

Second Verse, Same As The First: Republicans Prepare Another Dodd-Frank Attack | Zach Carter | Posted 01.13.2015 | Politics

WASHINGTON -- It's official: House Republicans will again try to hamstring the Volcker Rule, after Democrats knocked down a previous effort last week....

Zach Carter

Why These Democrats Flipped To Defeat Wall Street Deregulation | Zach Carter | Posted 01.14.2015 | Politics

WASHINGTON -- Anyone who wants to understand the current state of the Democratic Party should pay close attention to what happened this week in the H...

Paul Blumenthal

Plunge In Wall Street Money Bolsters Populist Shift Among Democrats | Paul Blumenthal | Posted 01.10.2015 | Politics

WASHINGTON -- With their first act in full control of the new Congress, Republicans tried to push through a bill to delay the Volcker Rule, which limi...

Zach Carter

Jim Himes Thinks Deregulating $100 Billion In Risky Debt Is 'A Tweak | Zach Carter | Posted 01.09.2015 | Politics

WASHINGTON -- Rep. Jim Himes (D-Conn.) on Thursday defended an 11-point Wall Street deregulation bill that his own party defeated on the House floor t...

Ryan Grim

House GOP Won't Quit Effort To Stall Volcker Rule | Ryan Grim | Posted 01.09.2015 | Politics

WASHINGTON -- House Republicans, dealt a surprising defeat Wednesday evening in their effort to roll back Wall Street reform, decided Thursday to make...

Zach Carter

Democrats Knock Down GOP Bill To Delay Wall Street Reform | Zach Carter | Posted 01.07.2015 | Politics

WASHINGTON -- House Democrats on Wednesday knocked down a GOP bill that would have delayed a key Wall Street reform known as the Volcker Rule, stunnin...

Zach Carter

Democrats Rail Against GOP Bill To Delay Volcker Rule | Zach Carter | Posted 01.07.2015 | Politics

WASHINGTON -- Congressional Democrats Wednesday ripped a GOP bill to delay a key Wall Street reform, raising the stakes of what Republican leaders had...

Zach Carter

Happy New Year, Wall Street: Congress Has Another Gift For You | Zach Carter | Posted 01.07.2015 | Politics

WASHINGTON -- After stuffing Wall Street's stockings in December with subsidies for risky trading, the House of Representatives plans to wish big bank...

Zach Carter

Washington Gives Wall Street Another Holiday Gift | Zach Carter | Posted 12.19.2014 | Politics

WASHINGTON -- Christmas came early for Wall Street this year. The Federal Reserve on Thursday granted banks an extra year to comply with a key provisi...

Zach Carter

House Votes To Audit The Fed... And Deregulate Wall Street | Zach Carter | Posted 09.18.2014 | Politics

WASHINGTON -- The House of Representatives voted overwhelmingly to audit the Federal Reserve on Wednesday, a broadly bipartisan call for financial ref...

My Surprising Conversation With Dick Fuld (Yes, That Dick Fuld) and the Future of America

Peter Sims | Posted 10.24.2014 | Business
Peter Sims

Now, America has long been an exceptionally redemptive society. Even if you screw up really badly, if you are willing to reflect long and hard, learn from your mistakes, and demonstrate a commitment to a larger purpose than your own ego, you can emerge on the other side and begin anew.

Zach Carter

How Chuck Schumer Accidentally Built The Wall Street Reform Caucus | Zach Carter | Posted 08.04.2014 | Politics

DETROIT AND WASHINGTON -- They call him "Wall Street Chuck" on Capitol Hill. He has raised at least $70 million from the financial sector for the Demo...

Attention Banks: Five Crucial Deadlines for Q2

Christopher Cahn | Posted 05.26.2014 | Business
Christopher Cahn

After years of planning and discussion, many of the financial regulations that resulted from the 2008 financial crisis -- specifically, FATCA and elements of Dodd-Frank, such as the Volcker Rule -- are finally coming into effect. Here are some important dates that financial institutions need to keep in mind over the next few months

Howard's Daily: The Two-Way Peril of Regulatory Ossification

Philip K. Howard | Posted 05.18.2014 | Politics
Philip K. Howard

To guard against the next financial crisis, the first task is not to rely upon Dodd-Frank, but to go back and radically simplify it.

Regulators Trim Portion Of Volcker Rule After Banks Complain

Reuters | Emily Stephenson | Posted 01.25.2014 | Business

WASHINGTON (Reuters) - Five U.S. bank regulatory agencies on Tuesday approved a tweak to the Volcker rule that would allow banks to keep interests in ...

Regulators Consider Watering Down Volcker Rule Even More

Reuters | Posted 01.25.2014 | Business

WASHINGTON (Reuters) - U.S. bank regulators said on Friday they would consider exempting certain complex securities from the so-called Volcker rule af...

Volcker Rule Pretty Watered Down, Executives And Consultants Say

Reuters | Posted 02.18.2014 | Business

By David Henry NEW YORK, Dec 18 (Reuters) - The 900-plus page Volcker rule regulators released last week will not imp...

Rihanna, Jamie Dimon, and Hillary

Mike Lux | Posted 02.17.2014 | Politics
Mike Lux

The arrogance of people like Jamie Dimon deserves mockery, and the lack of tough accountability coming from the Department of Justice deserve mockery, so that is what we are offering up.