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Wall Street Reform

Replacing Summers: Think Policy, Not Politico

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Obama can focus on policy, naming a replacement for Larry Summers who wants to ease the economic strains on American households, or he can focus on politics, naming a candidate who appeases the corporate executive class.

Simon Johnson: With Banking Reform, Question Everything | SIMON JOHNSON | Posted 05.25.2011 | Business

President Obama's signing of the financial reform bill on Wednesday does not end our intense debates over banking. Rather, it just moves them to a new...

Roger Altman: Most Of The Business Community Sees Financial Reform As 'Relatively Harmless'

Posted 05.25.2011 | Business

Is the Obama administration actually anti-business? In a New York Times op-ed this morning, Roger Altman, a former deputy treasury secretary in the Cl...

Shahien Nasiripour

Elizabeth Warren To Lead Search For New Consumer Chief, Could 'Pull A Dick Cheney' | Shahien Nasiripour | Posted 05.25.2011 | Business

In addition to being charged with forming the newly-created agency dedicated to protecting consumers from abusive financial products, Elizabeth Warren...

Yo, Congress, Keep on Truckin' -- Can You Dig It?

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

There is an obligation upon those drafting laws and regulations to do so with sufficient clarity so as to convey what precise conduct is proscribed or...

Headed to the Bank? Tell Bank Employees About New Whistleblower Protections

Stephen Lerner | Posted 05.25.2011 | Business
Stephen Lerner

The new Wall Street reform law includes protections for front-line bank workers to blow the whistle, which means they can now be our first line of defense against predatory banking practices.

Goldman Sachs: Bullies on the Block

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

The American money cartel is as dangerous as the Mexican drug cartel. Wall Street is winning the class war, and taxpayers supplied its weapons of choice: PR spin, lobbying, the money train to Congress, and constant bullying.

Financial Reform Bill Heads To Final Vote This Week

AP | JIM KUHNHENN and ANN SANNER | Posted 05.25.2011 | Business

WASHINGTON — Cast this debate as big banks versus big government. Despite lingering public anger at Wall Street, most congressional Republicans...

Arianna And George Will Disagree On Why Banks Aren't Lending (VIDEO)

Huff TV | Posted 05.25.2011 | Business
Huff TV

Arianna appeared on ABC's "This Week" Sunday as part of a roundtable with George Will, Kate Zernike, and Jonathan Karl. During the discussion, Aria...

Fired Analyst Loses Multi-Million Dollar Arbitration Against Former Employer

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

Rodman & Renshaw and other Claimants filed a FINRA Arbitration Statement of Claim (initially in October 2006 and thereafter as amended) against Respondent Matthew N. Murray.

Dems Seek Shelter From November's Storm

Rick Horowitz | Posted 05.25.2011 | Politics
Rick Horowitz

"You saw the numbers?" "Of course I saw the numbers." "Those are some awful numbers." "So are we talking bloodbath here?" "Bloodbath?" "Bloodbath. Bad. 'Speaker Boehner' bad. Fifty seats bad."

Credit Reports Only Where Credit Is Due

Rep. Luis Gutierrez | Posted 05.25.2011 | Chicago
Rep. Luis Gutierrez

If credit checks reinforce discrimination, don't accurately measure financial responsibility, and don't dependably predict job performance, why are so many employers using them?

CNBC Does Not Understand How Regulation Works

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

You may very well find some unpleasant new fee in a banking statement this year. But it will have nothing to do with new consumer protections, regardless of what CNBC anchors tell you.

Wall Street Hiring Jumps Most Since 2008 As Guarantees Return

Bloomberg | Michael J. Moore | Posted 05.25.2011 | Business

Leverage is back on Wall Street -- and this time it's the bankers who have it. Firms are adding jobs for the first time in two years, rebuilding b...

Financial Reform Depends On Regulators

AP | By BERNARD CONDON and DANIEL WAGNER | Posted 05.25.2011 | Business

NEW YORK -- To keep taxpayers from having to bail out giant banks again, lawmakers faced two choices: design rules to try to prevent them from failing...

Shahien Nasiripour

Dodd Questions Elizabeth Warren's Management Experience -- A Concern He's Never Raised Before | Shahien Nasiripour | Posted 05.25.2011 | Business

*This article was updated at 4:15 p.m. ET to reflect a clarification. In questioning Elizabeth Warren's candidacy to lead a new Consumer Financial Pr...

Despite Reform, Banks Have Room For Risky Deals

New York Times | Posted 05.25.2011 | Business

When Congress passed a new financial regulation bill last month, it sought to prevent federally insured banks from making speculative bets using their...

Republican Strategy for Victory: Stall Economic Recovery

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

For the last twenty months, Democrats have been pushing to get the economy out of the ditch. Not only have Republicans refused to lend a hand, they have been actively throwing rocks under the wheels.

Shahien Nasiripour

Federal Reserve's Low Rate Policy Is A 'Dangerous Gamble,' Says Top Central Bank Official | Shahien Nasiripour | Posted 05.25.2011 | Business

A top regional Federal Reserve official sharply criticized Friday the Fed's ongoing policy of keeping interest rates near zero -- and at record lows -...

Lucia Graves

GOPers Line Up To Repeal Wall Street Reform | Lucia Graves | Posted 05.25.2011 | Politics

Last month Dino Rossi became the first Senate candidate in the country to call for the repeal of Wall Street reform. Now it's clear he has plenty of c...

The Big Oops! Morgan Stanley's Research Failures

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

For those of you who still desperately cling to the belief that allowing Wall Street to self regulate itself works, perhaps this case may yet change your mind.

Democrats Must Unite to Stop Republicans from Making 2010 "The Year the Empire Strikes Back"

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

They used to say that the thing that is most likely to end war and conflict between the nations of the world would be an existential threat from a group of aliens from outer space. The same must be true for Democrats and progressives.

The Regulation Crisis: James Surowiecki | James Surowiecki | Posted 05.25.2011 | Business

These failures weren't accidents. They were the all too predictable result of the deregulationary fervor that has gripped Washington in recent years, ...

Why Were Fannie Mae & Freddie Mac Hot For Countrywide

The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Politics

Outwardly, Fannie and Freddie wrapped themselves in the American flag and the dream of homeownership. But internally, they were relentless in their pu...

The Financial Reform Bill May Get You "342-ed"

Dr. Sasha Galbraith | Posted 05.25.2011 | Business
Dr. Sasha Galbraith

Section 342 of the Dodd-Frank financial reform bill mandates that each of the roughly 30 federal agencies named in the bill must set up an "Office of Minority and Women Inclusion."