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Wall Street Reform

Wall Street CEOs Getting Increased Perks, Benefits Despite Public Outrage

Washington Post | Tomoeh Murakami Tse | Posted 05.25.2011 | Business

Some of the nation's biggest financial firms have increased the perks and benefits they pay their chief executives, despite the glaring spotlight from...

Shahien Nasiripour

Corker: Dodd Will Push For Vote On Financial Reform Bill Monday | Shahien Nasiripour | Posted 05.25.2011 | Business

UPDATE: This story was updated at 1:30 p.m. A key Senate Republican says that the committee responsible for authoring new rules to rein in Wall Stree...

Dodd Bill Passed By Senate Banking Committee

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Democrats sent a massive Wall Street regulation bill to the full Senate on a party line vote Monday after a temporary retreat by Re...

Shahien Nasiripour

Dodd Introduces Amendment To Fix Financial Reform Bill | Shahien Nasiripour | Posted 05.25.2011 | Business

Senate Banking Committee Chairman Christopher Dodd introduced his manager's amendment to the financial reform bill being considered by the Senate, cal...

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...

Shahien Nasiripour

Gary Gensler, Top Regulator, Says Some Derivatives Should Be Illegal | Shahien Nasiripour | Posted 05.25.2011 | Business

In a move that could rattle Wall Street and upset bank-friendly Democrats, the top federal regulator overseeing much of the derivatives market says th...

NC-Sen: Marshall Slams Burr for Voting Against Wall Street Reform

Mike Nellis | Posted 05.25.2011 | Politics
Mike Nellis

Last night, Senator Richard Burr joined 36 of his Republican colleagues in voting against the historic Wall Street reform bill that passed the Senate ...

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.

Senate Vote Signals Historic Change in Wall Street Political Clout

Robert Creamer | Posted 05.25.2011 | Business
Robert Creamer

For four decades Wall Street had its way with American government. The big Wall Street banks and their economic apologists dominated the main stream of economic thought. Last night their domination came to a screeching halt.

Obama To Campaign On Financial Reform Bill Victory Heading Into November

The Washington Post | Michael D. Shear | Posted 05.25.2011 | Politics

President Obama plans to use 1,500 pages of often arcane new financial regulations governing a highly complex industry in a populist Main Street messa...

Financial Reform: Wall Street Predicts 'Significant Fallout' From Bill

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

UPDATE: Investors have apparently decided that big bank stocks will not be hurt by the Senate's financial reform bill, despite the industry's griping....

Rodent Scurries Past Obama In Rose Garden: Was It A Vole? (PICTURE, VIDEO)

Mark S. Smith | Posted 05.25.2011 | Politics

WASHINGTON (AP)- In the midst of his battle with the titans of Wall Street, President Barack Obama was nearly upstaged by a rodent. Obama had just beg...

Senate Clears Way For Final Passage Of Financial Regulation Bill

AP / Huffington Post | Posted 05.25.2011 | Business

WASHINGTON — Prodded by national anger at Wall Street, the Senate on Thursday passed the most far-reaching restraints on big banks since the Gre...

Shahien Nasiripour

Dems Who Voted To Break Up Megabanks 2 Weeks Ago NOW Vote To Protect Their High Credit Card Rates | Shahien Nasiripour | Posted 05.25.2011 | Business

Of all the financial reform rules debated in the past few weeks, few would have impacted as many consumers as the one championed by Sen. Sheldon White...

Arthur Delaney

Ben Nelson Explains ATM Issue, Says He Does Know The Difference Between 'A Hologram And A Barcode' | Arthur Delaney | Posted 05.25.2011 | Politics

Why can't Sen. Tom Harkin (D-Iowa) get a vote on his amendment to limit what he calls the "legal thievery" of ATM fees? Is it because members of the S...

Ryan Grim

Shelby, Key Republican Senator, Will Back Bank Trading Ban Amendment | Ryan Grim | Posted 05.25.2011 | Business

Richard Shelby, the top-ranking Republican on the Senate Banking Committee, will vote for a controversial amendment to ban banks from trading taxpayer...

Arthur Delaney

Ron Kirk, U.S. Trade Rep, Calls Chamber Of Commerce 'Part Of The Problem' For Opposing Reform | Arthur Delaney | Posted 05.25.2011 | Politics

U.S. Trade Representative Ron Kirk criticized the U.S. Chamber of Commerce in a speech at the National Press Club on Tuesday, calling the lobbying beh...

How Does a Bill Become a Law? Scandals Required.

Mark Green | Posted 05.25.2011 | Politics
Mark Green

Would we today have laws on drug safety, auto safety, campaign finance ceilings without Sherri Finkbein, GM's detective tailing Ralph Nader, Watergate and Goldman Sachs? Are scandals to Congress what oxygen is to life?

On Finance, Obama Hews To Status Quo

Politico | Posted 05.25.2011 | Business

The consensus on President Barack Obama is that he seeks consensus. He's always been a centrist, we are told by his many biographers, so it is no surp...

Shadow Elite: Derivatives, A Horror Story

Janine R. Wedel | Posted 05.25.2011 | Business
Janine R. Wedel

Inside this closed culture, the ideals of the free market are repeatedly espoused, but not upheld. Derivatives, the exotic contraptions that enrich the banking business, have flourished in the shadows, not in the open marketplace.

Barney Frank Gets Back At GOP Leader With 'Little Punk Staffer' Buttons

Posted 05.25.2011 | Politics

The debate over Sen. Chris Dodd's financial reform bill is heating up, with the top Republican in the House trading blows with President Obama and Hou...

Arthur Delaney

Two Dems Help Defeat Senate Cloture Vote On Wall Street Reform | Arthur Delaney | Posted 05.25.2011 | Politics

Two Democrats voted against ending debate on Wall Street reform in the Senate on Wednesday, helping defeat a motion for cloture that could have cleare...

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.

Ryan Grim

GOP Running Out Clock On Wall Street Reform | Ryan Grim | Posted 05.25.2011 | Business

Senate Republicans are running out the clock on Wall Street reform, reaping dividends from the long-term strategy of delaying Senate action on issues ...

Ryan Grim

Dodd Backs Down On Derivatives | Ryan Grim | Posted 05.25.2011 | Business

Under pressure, Sen. Chris Dodd (D-Conn.) has backed down on his attempt to weaken the derivatives section of Wall Street reform authored by Sen. Blan...