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Wall Street Reform

Barney Frank: Partisan Meddling Watered Down Financial Reform

Patch | Anthony Karge | Posted 08.31.2011 | Politics

Despite more than 2,000 pages in legislation aiming to regulate Wall Street, Massachusetts Congressman Barney Frank said the legislation doesn't do en...

Effective Housing Reform Requires Mortgage Lenders Retain Risk: Official

Posted 08.24.2011 | Business

WASHINGTON - Regulators want to ensure mortgage lenders retain some of the risk on loans they originate, as it is crucial to strengthen the housin...

WATCH: CEO Of Bailed-Out AIG Calls For Self-Regulation

The Huffington Post | James Sunshine | Posted 08.23.2011 | Business

In the aftermath of the financial crisis, American International Group was bailed out by the federal government. But evidently, that truth hasn't stop...

Marcus Baram

The Bankers Who Cried Wolf | Marcus Baram | Posted 08.21.2011 | Business

NEW YORK -- Coming from all over the country, hundreds of investment bankers from financial powerhouses like J.P. Morgan gathered for dinner at the Wa...

Republicans Do Not Have the Power to Block an Elizabeth Warren Recess Appointment

David Arkush | Posted 08.21.2011 | Politics
David Arkush

If you're following the story of whether President Obama will nominate Elizabeth Warren to head the Consumer Financial Protection Bureau, you've probably heard that Republicans found a way to block even a recess appointment. It turns out that's mistaken.

Zach Carter

Labor Union Threatens To Support Progressive Challenger To Key Democrat Over CEO Pay | Zach Carter | Posted 08.10.2011 | Politics

WASHINGTON -- The nation's largest labor union federation on Friday threatened to challenge the powerful chairman of the Senate Banking Committee in t...

Tim Geithner: Tough Financial Regulation Benefits Well-Managed Firms

Posted 08.06.2011 | Business

WASHINGTON (AP) — Treasury Secretary Timothy Geithner is urging top bankers to accept tough new financial regulations passed in response to the 2008...

WATCH: Exxon CEO Blames Wall Street For High Gas Prices

Posted 07.12.2011 | Business

WASHINGTON -- Exxon Mobil Chairman and CEO Rex Tillerson said Thursday that heavy Wall Street trading has driven up the price of oil well beyond the l...

Zach Carter

Bair Cries Foul At Bernanke Over Swipe Fees | Zach Carter | Posted 07.12.2011 | Politics

WASHINGTON -- The Federal Reserve chairman and Federal Deposit Insurance Corporation chairwoman insisted Thursday that regulating the fees banks can c...

Fed Chairman: Big Banks Need 'More-Stringent' Rules

Posted 07.11.2011 | Business

WASHINGTON - Larger financial firms should face more onerous regulatory requirements to make sure they can withstand turbulence in economy or cred...

Zach Carter

Dems Blast 'Wall Street Crude Oil Casino' | Zach Carter | Posted 07.11.2011 | Politics

WASHINGTON -- A cadre of top Democrats said Wednesday that heavy Wall Street speculation was driving up gas prices and blasted Republicans for pushing...

Zach Carter

Payday Loan Kingpin Praises Elizabeth Warren | Zach Carter | Posted 07.10.2011 | Business

This article has been updated WASHINGTON -- The Chairman of the nation's largest payday lending outifit is making the rounds in the nation's capita...

Zach Carter

House GOP Bill To Delay Financial Regulations Clears Key Hurdle | Zach Carter | Posted 07.04.2011 | Politics

WASHINGTON -- With gas prices approaching record highs and soaring food prices fueling global unrest, Republicans on the House Agriculture Committee p...

Zach Carter

Treasury Blocks Regulation Of Market That Sparked $5.4 Trillion Fed Bailout | Zach Carter | Posted 06.29.2011 | Business

The Treasury Department plans to exempt foreign exchange derivatives from new Wall Street reform regulations, a Treasury official said Friday, dismiss...

Zach Carter

Obama's Oil Market Fraud Squad May Miss Wall Street Abuses | Zach Carter | Posted 06.22.2011 | Business

WASHINGTON -- On Thursday, President Obama unveiled a new working group to combat any fraud or manipulation in the oil and energy markets that may be ...

Merrill Lynch Uses Large Signing Bonuses To Attract Star Brokers

Posted 06.15.2011 | Business

NEW YORK (Joseph A. Giannone) - Merrill Lynch is giving some regional managers permission to offer unusually high upfront signing bonuses to attra...

Shahien Nasiripour

Goldman Sachs Ripped Off And Misled Clients, Senate Report Says | Shahien Nasiripour | Posted 06.15.2011 | Business

Goldman Sachs, the nation's fifth-largest bank by assets, systematically misled clients, sold them financial instruments it knew to be junk, bet again...

Jim Messina Is a Perfect Choice to Be Obama's Campaign Manager

Robert Creamer | Posted 06.01.2011 | Politics
Robert Creamer

My understanding is that the campaign plan for 2012 is still in formation. But one critical element is clear. The campaign will be even more reliant than it was in 2008 on its grass roots ground game. Jim Messina is definitely the man for that job.

Venture Capitalist: 'Entrepreneurs Have A Lot Of The Power'

Reuters | Deborah L. Cohen | Posted 05.28.2011 | Business

You find people talking about the democratization of entrepreneurship and innovation. It's really a time in which entrepreneurs have a lot of the power.

Why, in Spite of Everything, I Still Love Obama

Christina Patterson | Posted 05.26.2011 | Politics
Christina Patterson

Obama looks tired. He's cut back on the jokes now. He's cut back on the smiles. But sometimes, you need to go away to keep your love alive.

In The Public Interest: Checking the "Fact Check" From CFPB Opponents

Ed Mierzwinski | Posted 05.25.2011 | Politics
Ed Mierzwinski

What opponents of the CFPB really fear is that we now have a regulator that will put consumer interests first and hold Wall Street accountable.

Zach Carter

Goldman Banker Behind 'Smear Campaign' Against Elizabeth Warren | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON -- A Wall Street Journal editorial writer who has been closely involved with the paper's recent attacks on Elizabeth Warren is a former Gol...

Zach Carter

House Republicans Amplify Attacks On Elizabeth Warren, Consumer Protection | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- In a hearing marked by openly hostile questioning from House Republicans, consumer advocate Elizabeth Warren made her highly anticipated...

Market Speculators and the Real Cost of Oil

Rep. Joe Courtney | Posted 05.25.2011 | Business
Rep. Joe Courtney

Traders are making money on quick movement, wagering on rumors and market blips. The framework to address the problem is in place, and it begins with diluting the influence of speculators.

Zach Carter

Top Republican On Elizabeth Warren's Consumer Bureau: 'I Don't Like Them' | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- Congressional Republicans have insisted that their proposals to force the new Consumer Financial Protection Bureau to fight for legislat...