Wall Street Regulation

Wall Street Reform: Taking a Knife to a Gunfight

Sanjay Sanghoee | Posted 05.24.2012

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.

Jason Linkins

Wall Streeter Wants Obama To Give Moving Speech About How Awesome Rich People Are, To Cure Hurt Feelings

HuffingtonPost.com | Jason Linkins | Posted 05.03.2012

Team Obama Re-Elect has been having a difficult time courting big Wall Street donors this election cycle, mainly because President Barack Obama has, at times, intimated that the wreck of the global economy may have had something to do with some sort of widespread misrule among members of the financial industry. Meanwhile, corporate America has been posting record profits, the the Dow Jones Industrial Average is (perhaps ominously) back to its pre-recession levels, and, of course, no one has actually been punished for that time the global economy nearly died in a ditch. But gads! The whining! It remains. So what's Obama to do?

The Rhyme of History: Wall Street Edition

Rep. Brad Miller | Posted 05.02.2012

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.

From Wall St. To Washington: Famous Moments In Revolving Door History

Posted 01.11.2012

Want to get to Washington? Try going through Wall Street. As a look at any recent presidential administration will show, people move between the two w...

FDIC Joins Fed In Approving Volcker Rule Draft

AP | MARCY GORDON | Posted 12.11.2011

WASHINGTON — Banks would be barred from trading for their own profit instead of their clients under a rule federal regulators proposed Tuesday. ...

Bonnie Kavoussi

Regulators May Catch Up With High-Frequency Trading

HuffingtonPost.com | Bonnie Kavoussi | Posted 12.10.2011

Powerful computers scan dozens of markets and order millions of stock prices every second. These computers, situated in banks, hedge funds and trading...

It's Labor vs. Capital, Stupid

David Morris | Posted 12.07.2011

David Morris

We're mad at the devastation wrought in the last four years by the toxic combination of unrestrained greed and concentrated wealth. I propose five new rules that will restore democracy to the nation.

Government Aims To Hold More People Responsible For Financial Crisis

The Huffington Post | Bonnie Kavoussi | Posted 11.30.2011

The federal government is trying to make it easier to hold people responsible for the financial crisis. The Securities and Exchange Commission (SEC...

Commodity Traitors: Financial Speculation on Commodities Fuels Global Insecurity

Eric Michael Johnson | Posted 11.29.2011

Eric Michael Johnson

In the face of widespread global hunger, it turns out there is a downside to playing with your food.

Republicans Wage War On Financial Reform

AP | ALAN FRAM | Posted 09.04.2011

WASHINGTON — Congressional Republicans are greeting the one-year anniversary of President Barack Obama's financial overhaul law by trying to wea...

Marcus Baram

The Bankers Who Cried Wolf

HuffingtonPost.com | Marcus Baram | Posted 08.21.2011

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...

One Lawman With the Guts to Go After Wall Street

Robert Scheer | Posted 07.18.2011

Robert Scheer

The fix was in to let Wall Street off the hook once and for all... until last week when the attorney general of New York refused to go along.

How to Deceive a Client Without Really Trying

Omer Rosen | Posted 06.11.2011

Omer Rosen

When it comes to bonds, the client is conveniently never shown how to settle based on prices. Instead they are taught a nonsensical and more complicated method called yield settlement.

Who's to Blame for the NINJA Generation?

William Astore | Posted 05.25.2011

William Astore

Why are so many young people looking at bleak futures with fewer jobs and lower incomes and no reserves? Could it be that Wall Street and its craven machinations are somehow to blame?

Legerdemath: Tricks of the Banking Trade

Omer Rosen | Posted 05.25.2011

Omer Rosen

I'd just turned 20 when I began a three-year stint on Citigroup's corporate-derivatives team. I had no work experience to speak of. As my boss said after my interview, I was "f***ing unpolished."

Wall Street Quietly Working To Undo New Financial Rules

McClatchy | Kevin G. Hall | Posted 05.25.2011

WASHINGTON -- The heavy hitters of finance lost big battles earlier this year during the overhaul of financial regulation, but they're working hard to...

Lawmakers Seek Cash During Key Votes

Washington Post | Posted 05.25.2011

Numerous times this year, members of Congress have held fundraisers and collected big checks while they are taking critical steps to write new laws, d...

For Worried Dems, That Boxed-in Feeling

Rick Horowitz | Posted 05.25.2011

Rick Horowitz

Rrrriinnng! Rrrriinnng! Rrrriin -- " -- whatever you can. We'll just have to figure -- yeah, hello." "Good morning, is this Mandate Movers?" "...

Two Con Artists Sentenced in Federal Reserve Note Investment Plan Scam

Bill Singer | Posted 05.25.2011

Bill Singer

Robert Ingram was the Director of a FRNIP. Or so you were supposed to think. Starting in 2005, Ingram told potential FRNIP investors that they would realize huge returns within a few weeks. Wow, sign me up!

Insider Trading: Frequent Flyers, Potatoes and Macy's

Bill Singer | Posted 05.25.2011

Bill Singer

On March 25, 2010, BrokeAndBroker.com published a detailed analysis of Securities and Exchange Commission v. Igor Poteroba, Aleksey Koval and Alexand...

How Democrats Can Harness the Public Anger (and Madness) for November

Carla Seaquist | Posted 05.25.2011

Carla Seaquist

It's always a mistake to let a ranter rant. Without pushback, the anger takes flight. The question now is: With the public now inflamed in anger, th...

The Regulation Crisis: James Surowiecki

newyorker.com | James Surowiecki | Posted 05.25.2011

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

Wall Street Plunge: Cause Still Unclear To Regulators, Computer Trading Eyed

AP | STEVENSON JACOBS and BERNARD CONDON | Posted 05.25.2011

NEW YORK — Regulators and Wall Street officials scoured millions of trades one by one Friday and canceled thousands as they sought to explain a ...

Super Lobbyist Tony Podesta On Obama: 'He Exaggerates Our Power'

New York Times | Eric Lichtblau | Posted 05.25.2011

On the eve of a critical Congressional vote last week on a sweeping measure to regulate Wall Street, the prominent lobbyist Tony Podesta met with one ...

Wall Street, Repent!

Jim Wallis | Posted 05.25.2011

Jim Wallis

The principles of clarity, transparency, accountability, and protecting the common good against private greed are not just economic policy matters. On a more transcendent level, they provide the metrics of real repentance.