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Wall Street Reform

Shahien Nasiripour

Major Loophole In Senate Financial Reform Bill, Derivatives Reform May Be Illusory | Shahien Nasiripour | Posted 05.25.2011 | Business

The pending financial reform bill in the Senate may not accomplish President Barack Obama's goal of reforming the unregulated derivatives market, pote...

Arianna, Phil Angelides Discuss Financial Reform Legislation With Dylan Ratigan (VIDEO)

Huff TV | Posted 05.25.2011 | Business
Huff TV

Arianna appeared on Dylan Ratigan's MSNBC show this afternoon, all with Phil Angelides, the chair of the Financial Crisis Commission, to discuss wheth...

Can Democrats Govern?

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

The slogan "Elect a lot of Democrats so that we can stop the Republican agenda, and waste a lot of time fooling around with things we can't pass" just isn't going to cut the mustard.

Friday Talking Points [123] -- A Working Senate

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

The Senate has actually been dealing with many financial issues that will directly effect American consumers, and they've been doing so in an orderly way. You'd think this would be news.

Shahien Nasiripour

Wall Street's Conflicts Of Interests: Senate Debates Fiduciary Duty | Shahien Nasiripour | Posted 05.25.2011 | Business

In the government's continuing probe of Wall Street, one of the key practices that senators hope to curb with pending financial reform legislation is ...

Shahien Nasiripour

Senate Approves New Curbs On Rating Agencies, Though One Provision Overlooked | Shahien Nasiripour | Posted 05.25.2011 | Business

While the much-maligned credit rating agencies lost some power today after the Senate approved two measures pushing the government into the ratings bu...

Ryan Grim

Wall Street Reform Package Is Being Toughened By Public Debate | Ryan Grim | Posted 05.25.2011 | Politics

Battling to delay Wall Street reform from hitting the Senate floor, Republicans worried that once the bill was being debated in public, it would be ha...

Senator Kaufman Was Right - Our Financial System Has Become Dangerous

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

Senator Ted Kaufman (D, DE) is best known these days for arguing that, as part of comprehensive financial reform efforts, our biggest banks need to be...

Tom Carper Is Attacking Consumers and Defending Wall Street

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

There are two consumer protection amendments getting serious attention on the Senate floor this week, one of them positive, one of them incredibly destructive -- the kind of amendment that can actually sink the bill if adopted.

Arthur Delaney

Senate Approves Amendment To Ban Liar's Loans, 'Steering Payments' For Loan Originators | Arthur Delaney | Posted 05.25.2011 | Business

Five Republicans joined Senate Democrats voting in favor of an amendment to Wall Street reform legislation that will ban "liar's loans" and kickbacks ...

Friday Talking Points [115] -- Git 'Er Done!

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Call it the calm before the storm. What everyone's waiting on is for Congress to leap into action. But, in a surprising twist, this time it might actually happen.

Ryan Grim

Franken Amendment Picks Up Bipartisan Support | Ryan Grim | Posted 05.25.2011 | Business

A critical amendment to the Wall Street reform bill being debated in the Senate this week picked up a key Republican backer Tuesday. The amendment, sp...

The Big Bank Lobby: Too Big to Bear?

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

Bailed out by taxpayers, the big banks are emerging from the financial crisis larger and more concentrated than ever. Their very size offends market competition. Entities that are too big to fail cannot be disciplined by the market. Worse, their size and wealth also undermine democratic accountability. That's why changing the industry's business model and breaking up the banks that are too big to fail are vital steps towards the new economy that we build out of the ruins of the old. This fight must go on.

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

Fed's Kocherlakota: Financial Reform Bill Can't End Bailouts Or 'Too Big To Fail' | Shahien Nasiripour | Posted 05.25.2011 | Business

Despite declarations from President Obama, his top aides and Democratic leadership that the pending financial reform bill in the Senate will forever e...

Arthur Delaney

Jack Reed Introduces Amendment To Close Dodd Bill 'Loophole' | Arthur Delaney | Posted 05.25.2011 | Business

Sen. Jack Reed (D-R.I.) announced Monday his plans to introduce an amendment to close a "loophole" in Wall Street reform legislation that would allow ...

Obama Plan Blows Secret Kisses to Wall Street

Ernest Istook | Posted 05.25.2011 | Politics
Ernest Istook

While excoriating Wall Street with his words, Obama is blowing secret kisses to them with his bailout proposal.

Rolfe Winkler: Those Calling For Financial Reform Aren't Being Upfront About The Costs

Reuters | Rolfe Winkler | Posted 05.25.2011 | Business

Those calling for financial reform aren't being upfront about its costs, making it impossible to achieve. This was again evident at the Roosevelt Inst...

Shahien Nasiripour

Obama Announcement Revives Regulatory Push | Shahien Nasiripour | Posted 05.25.2011 | Business

President Barack Obama's new proposal to limit megabanks' trading activities wouldn't actually break up "too big to fail" institutions -- but it does ...

Jason Linkins

WSJ, CNBC Hysterically Misinform On Executive Compensation | Jason Linkins | Posted 05.25.2011 | Business

Kenneth Feinberg is the White House Special Master for Executive Compensation, and he is tasked with placing restrictions on the pay showered upon the...

Will We Curb Wall Street's Casino?

Robert L. Borosage | Posted 05.25.2011 | Business
Robert L. Borosage

Today, the House will begin marking up the first legislation to try to reform Wall Street. If you think the health insurance companies are packing heat, wait till you see the firepower the banks will unleash to frustrate reform.

Ryan Grim

Wall Street Reform: Traditional Foes Join Forces To Take On Bankers | Ryan Grim | Posted 05.25.2011 | Business

On Thursday evening, a roomful of people more accustomed to fighting each other met to unite against a common enemy: Wall Street. The forces that are...

Wall Street: The President Is Playing the Market

Michael Wolff | Posted 05.25.2011 | Politics
Michael Wolff

The president needs the Dow to get to 11,000 over the next year to keep from being routed in the mid-term election.

Wall Street 2: Alternative Plotlines For The Bailout Era | Gretchen Morgenson | Posted 05.25.2011 | Business

O.K. Oliver Stone already has a screenplay for "Wall Street 2," the sequel to his culturally resonant 1987 dissection of financial ruthlessness. He ha...

Why Wall Street Reforms Have Stalled

New York Times | Posted 05.25.2011 | Business

One year ago next week, Lehman Brothers went bankrupt, Merrill Lynch was sold and A.I.G. was rescued by a huge federal bailout. In the wake of the glo...