Wall Street Reform

Obama vs. The Robber Baron: The Gloves Must Come Off

Sanjay Sanghoee | Posted 05.31.2012

Read More: Leveraged Buyout, Bain Capital, Private Equity, President Obama, Mitt Romney, Elections 2012, Robber Barons, Wall Street Reform, Banking Reform, Capitalism, Teddy Roosevelt, Republicans, JPMorgan Chase, Facebook, Politics News
Sanjay Sanghoee

The business model that Romney oversaw at Bain, especially the Leveraged Buyout, was questionable at best and destructive at worst, and he cannot pretend that the dangers of Bain's investment methods were unknown to him.

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Wall Street Reform: Taking a Knife to a Gunfight

Sanjay Sanghoee | Posted 05.24.2012

Read More: Congress, Securities and Exchange Commission, Financial Reform, Commodity Futures Trading Commission, Elections 2012, Enron, Wall Street Reform, Jamie Dimon, Volcker Rule, Cftc, Financial Watchdog, JPMorgan Chase, Wall Street, Wall Street Regulation, Barack Obama, Mary Schapiro, Sarbanes-Oxley Act, Sec, Banking Reform, Gary Gensler, Glass-Steagall, Gary Gensler Chairman CFTC, Lobbyists, SEC Chairman Mary Schapiro, Appropriations, Banking Lobby, Banking Industry, Obama 2012, Dodd Frank, Special Interests, Business News
Sanjay Sanghoee

If Congress is truly serious about banking reform, it needs more than just well-intentioned laws: it also needs the right people to enforce those laws, it needs to give those people the resources they require to do their job properly, and it needs to pay them decently.

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Why a Banker Thinks Wall Street Should Be Regulated

Sanjay Sanghoee | Posted 05.21.2012

Read More: 2008 Financial Crisis, Derivatives, Financial Reform, Derivatives Reform, Wall Street Reform, Jamie Dimon, Commodity Futures Trading Commission, Brooksley Born, Goldman Sachs, JPMorgan Chase, Financial Crisis, Derivatives Trading, Alan Greenspan, Financial Regulation, Business News
Sanjay Sanghoee

Most bankers are not the unethical and blindly greedy creatures that politicians and the media make them out to be; and there is no doubt that without the productive activities of the banking sector, no other industry in our nation would be able to survive or thrive. But that does not mean there isn't a ghost in the machine.

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Obama: Banks That 'Aren't Cheating Customers' Have Nothing To Fear From Reforms

AP | DOUGLASS K. DANIEL | Posted 05.19.2012

Read More: Elections 2012, Wall Street Reform, JPMorgan Chase, Obama Wall Street Reform, Barack Obama, President Barack Obama, Jpmorgan, Video, Politics News

WASHINGTON — President Barack Obama says the big trading loss at JPMorgan Chase shows the need to finally put in place banking rules he signed i...

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Don't Get Fooled Again

Taylor Lincoln | Posted 05.18.2012

Read More: Banking, Banks, JPMorgan Chase, Wall Street, Jpmorgan, Financial Reform, Wall Street Reform, Dodd-Frank, Derivatives, Derivatives Reform, Politics News
Taylor Lincoln

The JPMorgan episode may be the warning that Congress needs to return to its role of protecting the public rather than coddling the banks. But it also raises a question: How many times does a lesson have to be taught before it is learned?

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Wall Street to Obama: Thanks for Saving Our Jobs and Bonuses, Now F*** Off

Miles Mogulescu | Posted 05.18.2012

Read More: Wall Street Bailout, Dodd-Frank, Wall Street, Financial Reform, Wall Street Reform, Obama Financial Reform, Glass-Steagall, Campaign Contributions, Obama Reelection, 2012 Election, Elections 2012, Politics News
Miles Mogulescu

Now that President Obama's views on gay marriage have "evolved," it's time for his views on Wall Street to likewise "evolve" and for Obama to forcefully campaign to break the stranglehold of Too Big To Fail banks on the economy.

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This Is Our Best Chance to Fix Wall Street

Sen. Jeff Merkley | Posted 05.18.2012

Read More: JP Morgan, Wall Street Reform, Federal Reserve, Jamie Dimon, Ben Bernanke, Volcker Rule, Glass-Steagall, Politics News
Sen. Jeff Merkley

Let's be clear: There's nothing wrong with high-risk trading, but if the bets go bad, only the people who made the bets should have to pay. This sort of gambling should happen in hedge funds, not in the federally-insured banks that families and small businesses depend on.

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Elizabeth Warren Whacks Obama's Wall Street Efforts

Firedoglake | Posted 05.17.2012

Read More: Elections 2012, Wall Street Reform, Elizabeth Warren Obama, Elizabeth Warren, Wall Street, Barack Obama 2012, 2012 Election, Jpmorgan, Politics News

This has been the week where we got a taste of how Elizabeth Warren would comport herself as a US Senator. Since JPMorgan Chase’s Fail Whale trade, ...

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Jason Linkins

Late Returns: Will Big Money Buy A Cornhusker Primary?

HuffingtonPost.com | Jason Linkins | Posted 05.15.2012

Read More: Deb Fischer, 2012 Speculatron, Nebraska Primary 2012, Jon Bruning, Americans Elect, Elections 2012, Wall Street Reform, Citizens United, Don Stenberg, 2012, Campaign Finance, Nebraska Election 2012, 2012 Election, Cornhusker Primary, Nancy Pelosi, Eric Griego, Late Returns, Media-Coaches, Nebraska Election, Nebraska Primary, Video, Politics News

You probably haven't been paying much attention to the Nebraska GOP Senate primary (there is one, and it's tonight), because feh, Nebraska. But over a...

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Zach Carter

Obama's Quandry: Bashing Blundering Banks While Courting Wall Street Cash

HuffingtonPost.com | Zach Carter | Posted 05.16.2012

Read More: Corruption, 2012 Elections, Dodd-Frank, Marsha Blackburn, Derivatives, Economy, Financial Reform, Bank of America, Wall Street Reform, Mitt Romney, Jobs, Money in Politics, Obama, Democrats, Romney, Barack Obama, Campaign Finance, 2012, Thune, Video, Wall Street, Trade, Jpmorgan, Banks, J.P. Morgan, Occupy, November Elections, Fat Cats, Republicans, Politics News

WASHINGTON -- President Barack Obama's response to JPMorgan Chase's spectacular trading failure underscores a persistent tension in his presidency -- ...

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Wall Street Bankers Who Broke the Law Belong in Jail

Eric Griego | Posted 05.15.2012

Read More: Congress, New Mexico, Wall Street, Elections 2012, Wall Street Reform, Eric-Griego, Financial Crisis, Consumer Protection, Mortgage Crisis, Banking, Banking Crisis, Banks, Bankers, Politics News
Eric Griego

In Washington, I will fight to hold Wall Street accountable.

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Will JPMorgan's Loss Provide a Win for Wall Street Reform?

Barbara Roper | Posted 05.14.2012

Read More: J.P. Morgan Chase, Dodd-Frank, Derivatives, Financial Reform, Lincoln-Rule, Credit Default Swaps, Jamie Dimon, Volcker Rule, Wall Street Reform, Bank Regulation, Jpmorgan, Business News
Barbara Roper

While regulation comes with a significant price tag, those costs pale beside the losses that banks can incur when left to their own devices. Will regulators take the hint that the cost-benefit fight is one they can win?

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Obama Speaks Out On Bank's Massive Loss

The Huffington Post | Mollie Reilly | Posted 05.14.2012

Read More: Jpmorgan Chase Loss, JPMorgan Chase, Video, Wall Street, 2012 Election, Mitt Romney 2012, Wall Street Reform, Elections 2012, Mitt Romney, Banks, The View, Jamie Dimon, Banking Reform, Barack Obama 2012, Barack Obama, Politics News

President Barack Obama discussed JPMorgan Chase's $2 billion loss on Monday, saying the bank's massive failure proves why Wall Street reform is necess...

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Elizabeth Warren: JPMorgan Debacle Shows 'Banks Cannot Regulate Themselves'

Posted 05.14.2012

Read More: JPMorgan Chase, Elizabeth Warren, Video, Barney Frank, Wall Street Reform, Business News, Elizabeth Warren Jpmorgan, Jpmorgan-Chase-Trading-Loss, Jpmorgan Chase London Whale, Elizabeth-Warren-Financial-Reform, Business News

The era of self-regulation on Wall Street needs to end now, Elizabeth Warren says. The Democratic candidate for Massachusetts Senate told CBS News...

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Zach Carter

Barney Frank Lays Into House Republican On Jobs, Wall Street Reform

HuffingtonPost.com | Zach Carter | Posted 05.13.2012

Read More: 2012 Elections, Dodd-Frank, Marsha Blackburn, Economy, Barney Frank, Wall Street Reform, Jobs, Obama, Volcker Rule, Romney, JPMorgan Chase, Video, Gay Rights, 2012 Election, Jpmorgan, November Elections, Gay Marriage, Politics News

WASHINGTON -- Rep. Barney Frank (D-Mass.) lit into Rep. Marsha Blackburn (R-Tenn.) on Sunday, when both appeared on ABC's "This Week." The show sta...

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How J.P. Morgan Chase Has Made the Case for Breaking Up the Big Banks and Resurrecting Glass-Steagall

Robert Reich | Posted 05.11.2012

Read More: JP Morgan Chase, JP Morgan, Wall Street, Financial Reform, Derivatives, Wall Street Reform, Glass-Steagall Act, Financial Crisis, Jamie Dimon, Jpm, Business News
Robert Reich

What just happened at J.P. Morgan reveals how fragile and opaque the banking system continues to be, why Glass-Steagall must be resurrected, and why the Dallas Fed's recent recommendation that Wall Street's giant banks be broken up should be heeded.

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The SAFE Banking Act Will Do What Financial Regulators Thus Far Have Not

Micah Hauptman | Posted 05.10.2012

Read More: Congress, Dodd-Frank, Public Citizen, Financial Reform, Too Big to Fail, Federal Reserve, Shirley Sherrod, Banks, Financial Crisis, Big Banks, Bank Reform, SAFE Banking Act, Wall Street Reform, Bankers, Banking, Wall Street, Business News
Micah Hauptman

Preventing banks from becoming so large, complex, and interconnected that their failure would ravage the economy is the safest guarantee against a future "too big to fail"-driven financial crisis.

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Wall Street's Speed Demons: A 10-Point Primer

Sarah Anderson | Posted 05.04.2012

Read More: Investment Banks, Wall Street Reform, High-Frequency Trading, Proprietary Trading, Hedge Funds, Flash Crash, Financial Transactions Tax, Business News
Sarah Anderson

Who are "high-frequency traders"? And what sort of games are they playing with our economic future? Here are 10 things you should know.

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The Rhyme of History: Wall Street Edition

Rep. Brad Miller | Posted 05.02.2012

Read More: Banks, Politics, Congress, Wall Street, New Deal, Economy, President Obama, Financial Reform, Wall Street Reform, Wall Street Regulation, Financial Regulation, Politics News
Rep. Brad Miller

Mark Twain supposedly said that history does not repeat itself, but it does rhyme. I devoutly wish Obama administration policies would rhyme more with the New Deal, and rely less on the free verse of "nudging" the nation towards a broadly-shared prosperity.

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Ominous Rumblings on Stock Exchanges

Ted Kaufman | Posted 04.16.2012

Read More: High-Frequency Trading, New York Times, BATS Global Markets Inc, Stock Exchange, Wall Street, American Stock Exchanges, Apple Shares, Wall Street Reform, Hft, Business News
Ted Kaufman

We must insist on more transparency and a return to markets that are fair to all investors. The tremors keep happening. We can't afford to wait until after the next catastrophic eruption.

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Break Up the Big Banks, Says the Dallas Fed

Robert Reich | Posted 05.29.2012

Read More: Banking, Banks, Bankers, Dallas Fed, Wall Street, Dallas, Fed, Financial Reform, Occupy Wall Street, Wall Street Reform, Federal Reserve, Business News
Robert Reich

The Dallas Fed argues that the Fed's easy money policy can't be much help to the U.S. economy as long as Wall Street is "still clogged with toxic assets accumulated in the boom years." So what's the answer? It's "breaking up the nation's biggest banks into smaller units."

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Why Rising Gas Prices Could Backfire on the GOP in November

Robert Creamer | Posted 05.06.2012

Read More: Rick Santorum, Mitt Romney, Oil Prices, Gas Prices, Ahmadinejad, President Obama, 2012 Presidential Campaign, Commodity Futures Trading Commission, Speculation, Wall Street Reform, 2012 Elections, Dodd-Frank, Elections 2012, Politics News
Robert Creamer

The sight of Republicans rooting against America and hoping that rising gas prices will derail the economic recovery is not pretty.

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Too Big to Fail and the Volcker Rule

Ted Kaufman | Posted 05.05.2012

Read More: Wall Street Reform, Dodd-Frank Act, Securities Exchange Commission, Volcker Rule, Glass Steagall, Bank Reform, Banking Reform, Too Big to Fail, Politics News
Ted Kaufman

Universal agreement on a goal -- no possibility of a future bank bailout -- doesn't necessarily mean that goal will be achieved. Our major banks are still too big to fail.

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Zach Carter

Swipe Fee Fallout Has Small Banks Relishing Rare Advantage Over Wall Street

HuffingtonPost.com | Zach Carter | Posted 03.02.2012

Read More: Durbin, Dodd-Frank, Community Banks, Icba, Wall Street Reform, Repeal, Federal Reserve, Debit Card, Video, Wall Street, Fed, Banks, Swipe Fees, Swiped, Debit Cards, Tester, Politics News

Last year's wild legislative melee over debit card swipe fees featured a curious contradiction: Although big Wall Street banks stood to lose the most ...

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Zach Carter

Republican Financial Regulator Goes Crying To OMB

HuffingtonPost.com | Zach Carter | Posted 03.09.2012

Read More: Conflicts of Interest, Conflict of Interest, Video, Dodd-Frank, Wall Street, Office of Management and Budget, Wall Street Reform, Regulation, Dennis Kelleher, Regulators, Scott O'malia, Commodity Futures Trading Commission, Omb, Cftc, Politics News

WASHINGTON -- In a signal that partisan squabbling in the nation's capital may be reaching new levels of rancor, a key Republican regulator is pursuin...

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