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Volcker Rule

Friday Talking Points [124] -- How's That Libertarian Thingie Workin' Out For Ya?

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

We certainly have a lot of ground to cover this week, so let's dig right in. I'd like to start with a declaration, though: Bristol Palin is now fair g...

Daniel Gross: Senate Reform Bill Is Too Kind To Wall Street

Slate Magazine | Daniel Gross | Posted 05.25.2011 | Business

The Senate's passage Thursday night of extensive financial reform is being portrayed as a big loss for the financial sector. "No End to Banks' Capitol...

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.

Compare Senate, House Financial Reform Bills: CFPA, Fed, Derivatives Differences

AP | The Associated Press | Posted 05.25.2011 | Politics

A comparison of the Senate and House financial regulation bills: ____...

Ryan Grim

Paul Volcker Supports Merkley-Levin Amendment To Senate Financial Reform Bill

HuffingtonPost.com | 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...

Chris Dodd, Phil Gramm, and the Legacy of a Statesman

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

In the past 24 hours, Dodd appears to have been going to bat for Wall Street, not out of concern for any greater political good, but exclusively for the purpose of padding the profits of big banks.

In Defense of the Volcker Rule

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Some version of Wall Street reform is going to pass the Senate this week, but before it does, there are still three crucial battles to be waged, all of which would significantly change the way Wall Street does business.

Will The Volcker Rule Survive In Dodd's Bill? Citigroup Is Betting That It Won't

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Devotees of former Fed Chairman Paul Volcker may less than thrilled by the bill unveiled by Sen. Chris Dodd (D-Conn.) Citigroup, for its part, doesn...

Lincoln to the Rescue

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Blanche Lincoln wants to force the banks to put their derivatives into separate entities that aren't subsidized by you and me. This is just common sense. But it's the biggest battle in financial reform right now.

Demand an "Up or Down Vote" On Real Financial Reform

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Instead of having politicians do their horsetrading in private and leaving the public vote until the end, let's have a public show of hands on the vital economic issues of our time.

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

Senators Target Wall Street, With Goldman Sachs In Mind

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

UPDATE : May 10, 2010 -- Senators Carl Levin (D-Mich.) and Jeff Merkley (D-Ore.) will offer their bill to restrict the trading activities of big banks...

Shahien Nasiripour

Wall Street Vet Involved In 1998 Long-Term Capital Management Bailout Says Nothing Has Changed

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Ten years before this latest crisis, the U.S. government engineered the bailout of a financial firm that had borrowed billions of dollars to make big ...

Is Vikram Pandit in Favor of Real Reform?

James Kwak | Posted 05.25.2011 | Business
James Kwak

Testifying today before the TARP Congressional Oversight Panel, Vikram Pandit claimed that Citigroup is on the side of the angels -- in this case, the side of real financial reform.

White House Sends Volcker Rule To Congress

AP | Jim Kuhnhenn | Posted 05.25.2011 | Politics

WASHINGTON (AP) -- The Obama administration waded into negotiations over Wall Street regulations Wednesday, calling for limits on the size of financia...

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...

Peter Boone and Simon Johnson:

Shooting Banks | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

Rahm Emanuel famously said, "You never want to let a serious crisis go to waste." But, as the White House begins to campaign for the November midterms...

Volcker Rule Geithner May Give Regulators Leeway in Applying Volcker Rule

bloomberg.com | Posted 05.25.2011 | Business

- The U.S. Treasury Department wants to give regulators discretion to define proprietary trading as the White House tries to revive its plan to bar ba...

Prospects for Financial Reform

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Despite, or rather because of, the arrogance of our prominent financial players, we're making progress on the bigger agenda: changing the consensus on what is safe and sound in banking.

Volcker Rule Obama administration is backing off "Volcker rule"

nypost.com | JOSH KOSMAN and MARK DeCAMBRE | Posted 05.25.2011 | Business

The New York Post reports that "according to people familiar with the situation," the White House is abandoning the "Volcker Rule," a key reform named...

Treasury Secretaries of Administrations Past Petition For Volcker Rule

Posted 05.25.2011 | Business

The 'Volcker Rule' got fresh support this morning when five former Treasury Secretaries endorsed the key financial regulation in a letter to the Wall ...

Shahien Nasiripour

Paul Volcker Says Mortgage Market Will 'Have To Be Reconstructed' (VIDEO)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Paul Volcker said the nation's home mortgage market is in trouble and will have to be "reconstructed." "It's totall...

Dimon Said His Bear Stearns Sticky Bombs Are Worse Than Geithner's

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Taxpayer subsidized cheap funding and looser accounting standards have allowed our largest banks to keep their Dorian Gray financial pictures behind a curtain and out of public sight.

Nick O'Donohue, JPMorgan Bank reform may have $220 bln capital hit

Reuters | Posted 05.25.2011 | Business

LONDON (Reuters) - Top banks will need an extra $221 billion (139.6 billion pounds) of capital and see annual profits slump by $110 billion if all pro...

"JPMorgan" Shows Us the 'Volcker Rule' Is All Hat and No Cattle While the Administration and Congress Fiddle Away

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

We have a situation where, in essence, government protected/guaranteed funds will be used as chips to play big time casino at the commodity roulette table.