Federal Reserve Loses Expanded Powers Proposed By Obama Administration
The pushback against an omnipotent Federal Reserve keeps growing. A top Congressional leader said Thursday that the Fed will not have the power to ov...
The pushback against an omnipotent Federal Reserve keeps growing. A top Congressional leader said Thursday that the Fed will not have the power to ov...
wsj.com | DAMIAN PALETTA | Posted 11.05.2009 | Business
WASHINGTON -- A key Senate lawmaker is readying legislation that would dramatically redraw how the financial system is regulated, setting the chamber ...
boston.com | Michael Kranish | Posted 11.04.2009 | Business
WASHINGTON -- House Financial Services Committee chairman Barney Frank, under fire from some fellow Democrats and consumer groups for carving out what...
HuffingtonPost.com | Shahien Nasiripour | Posted 11.04.2009 | Business
A House panel voted Wednesday to permanently exempt more than half of all publicly traded companies from a seven-year-old post-Enron measure designed ...
Jonathan Kim | Posted 11.03.2009 | Entertainment
And the main reason is because hatred/fear of gays is running neck-and-neck with hatred/fear of government for the most defining, unifying characteristic of the "modern" republican party.
HuffingtonPost.com | Shahien Nasiripour | Posted 11.03.2009 | Business
With the White House's blessing, a House panel voted Tuesday to water down a key post-Enron measure designed to protect investors. In a voice vote, m...
HuffingtonPost.com | Shahien Nasiripour | Posted 11.03.2009 | Business
The "Too Big To Fail" legislation currently being debated by a House committee has been widely criticized as toothless. But one provision gives the fe...
Dean Baker | Posted 11.03.2009 | Business
The only people who seem to stand outside the consensus that too-big-to-fail banks are unacceptable are those who hold power and are steering the process of financial reform.
The Huffington Post | Julian Hattem | Posted 11.02.2009 | Business
As part of its Bearing Witness 2.0 project, the Huffington Post is rounding up a few of the best local stories of the day. Representatives of the F...
Richard Zombeck | Posted 11.03.2009 | Business
Our fearless leaders and elected officials don't really seem to have much to say when it comes to hundreds of foreclosures a week - and that's just in their own districts.
bloomberg.com | Alison Vekshin | Posted 11.02.2009 | Politics
Oct. 31 (Bloomberg) -- Barney Frank, chairman of the U.S. House Financial Services Committee, reversed course on paying to unwind failed financial fi...
AP | ANNE FLAHERTY | Posted 10.30.2009 | Business
WASHINGTON — Senior congressional Democrats say legislation is still needed to limit how lenders charge customers who overspend on their account...
bloomberg.com | Scott Lanman | Posted 10.30.2009 | Business
Oct. 30 (Bloomberg) -- Federal Reserve regional bank presidents are trying to ward off congressional efforts to weaken their clout, saying the moves m...
Harpers | Ken Silverstein | Posted 10.30.2009 | Business
If you want to understand why Congress seems completely incapable of checking the power of Wall Street, look back to a hearing on the Hill last Octobe...
HuffingtonPost.com | Shahien Nasiripour | Posted 10.30.2009 | Business
Democrats and Republicans ripped into Treasury Secretary Timothy Geithner during a Congressional hearing Thursday, as Geithner defended an administrat...
Norb Vonnegut | Posted 10.29.2009 | Business
Uncle Sam is wrestling how to govern organizations vital to our nation's economic welfare. I'd rather see legislators focus on leverage and preventive cures than after-the-fact remedies like "amending loans."
HuffingtonPost.com | Shahien Nasiripour | Posted 10.29.2009 | Business
Updated at 7:45 p.m. ET Every action taken by federal regulators against large, systemically-important financial firms -- those commonly referred to ...
AP | JIM KUHNHENN and ANNE FLAHERTY | Posted 11.02.2009 | Business
WASHINGTON — An Obama administration plan to dissolve large, struggling financial firms rather than bail them out is encountering Republican res...
HuffingtonPost.com | Shahien Nasiripour | Posted 10.29.2009 | Business
Democrats and Republicans faced off Wednesday in a congressional debate over whether shareholders should have an easier time nominating directors to c...
Mike Elk | Posted 10.29.2009 | Politics
As Congressman Sherman put it, the current legislation meant to reform Wall Street would actually be like "TARP on steroids."
HuffingtonPost.com | Ryan Grim | Posted 10.28.2009 | Politics
House Financial Services Committee Chairman Barney Frank is backing his colleagues in the upper chamber who have called for an end to the practice of ...
The Huffington Post | Ryan MCCarthy | Posted 11.02.2009 | Business
The Treasury Department and the House Financial Services Committee chairman Barney Frank (D - Mass.) last night unveiled a sweeping new bill that atte...
HuffingtonPost.com | Ryan Grim | Posted 10.27.2009 | Politics
The person leading a regulatory agency is often more important than the structure and the scope of its powers. Think of Alberto Gonzales or Elliot Spi...
Lee Stranahan | Posted 10.27.2009 | Comedy
President Obama said the move was both a victory for human dignity and for pointless wars we can't possibly win.
New York Times | STEPHEN LABATON | Posted 10.26.2009 | Politics
A senior administration official said on Sunday that after extensive consultations with Treasury Department officials, Representative Barney Frank, th...
HuffingtonPost.com | Shahien Nasiripour | Posted 11.05.2009 | Business