Bloomberg Reports Derivatives Regulatory Legislation Contains Large Loopholes
Hey kids! Were you holding out hope that someone might do something to robustly regulate the derivatives market that wrought such wrack and ruin to th...
Hey kids! Were you holding out hope that someone might do something to robustly regulate the derivatives market that wrought such wrack and ruin to th...
bloomberg.com | Peter Eichenbaum | Posted 10.07.2009 | Business
Oct. 7 (Bloomberg) -- Wells Fargo & Co. plans to raise interest rates on a majority of credit-card customers by 3 percentage points before new rules l...
HuffingtonPost.com | Jeff Muskus | Posted 10.06.2009 | Politics
Look for financial regulatory reform to get a House floor vote in November, Majority Leader Steny Hoyer said Tuesday. "We expect to bring that bill t...
AP | Posted 10.06.2009 | Business
WASHINGTON — House lawmakers crafting legislation to overhaul the system of financial regulation are focusing on the key elements of investor pr...
David Sirota | Posted 12.01.2009 | Politics
In just the first half of 2009, the 15 New Democrats on Financial Services committee "received about $1.9 million in contributions from the finance, insurance and real estate industries."
Harry Moroz | Posted 11.30.2009 | Business
By using consumer well-being as a first principal, the Consumer Financial Protection Agency will consider the social costs of financial innovations.
HuffingtonPost.com | Shahien Nasiripour and Jeff Muskus | Posted 11.30.2009 | Business
In a move sure to delight bankers, the top Republican on the House Financial Services Committee on Wednesday called the Obama administration's plan fo...
Janis Bowdler | Posted 11.30.2009 | Business
Congress has a responsibility to plug the holes in a broken financial system that allowed millions of families to watch their savings and wealth evaporate and their debt skyrocket
bloomberg.com | David Reilly | Posted 11.30.2009 | Business
Sept. 30 (Bloomberg) -- It was surprising to hear JPMorgan Chase & Co. Chief Executive Jamie Dimon say, "It would be a very bad long-term policy error...
Hilary O. Shelton | Posted 11.30.2009 | Business
Our current system of consumer protection fails to protect Americans from basic exploitation and abuses that can cost individuals and families hundreds of thousands of dollars, and even their homes.
washingtonpost.com | Simon Johnson and James Kwak | Posted 11.29.2009 | Business
The next couple of months will be crucial in determining the shape of the financial system for decades to come. And so far, the signs are not encourag...
Les Leopold | Posted 11.28.2009 | Business
Is this a great country or what? You can be a speculator working for a failed company and still earn tens of millions of dollars. And the taxpayer footing the bill won't be able to find out who's getting how much.
Rick Horowitz | Posted 11.25.2009 | Politics
There were those who expected the financial-services industry to slink away in embarrassment after the setbacks of the past year. These people misjudged us.
AP | ANNE FLAHERTY | Posted 11.25.2009 | Business
WASHINGTON — House lawmakers want to pry open the books of the famously secretive Federal Reserve with legislation that would subject the centra...
Posted 11.23.2009 | Media
Congressman Barney Frank (D-Mass.) faced off against Bill O'Reilly tonight over ACORN and the scandal engulfing them. Despite recent meetings in whic...
Yahoo! News | Kevin Drawbaugh | Posted 11.23.2009 | Business
WASHINGTON (Reuters) -- The Congress' chief author of financial regulatory reform moved on Tuesday to kill the most controversial part of an Obama adm...
Posted 11.21.2009 | Comedy
It's a safe bet that Rep. Barney Frank (D-Mass.) and Rush Limbaugh don't have any dinner plans. Frank called out the conservative radio host for his ...
HuffingtonPost.com | Ryan Grim | Posted 11.21.2009 | Politics
Backers of President Obama's cornerstone financial regulatory reform proposal pushed back Monday against the Blue Dog Coalition, which is promoting a ...
Seattle Times | Lynn Thompson | Posted 11.17.2009 | Politics
As a child in Armenia, Henry Gasparian witnessed firsthand the horrors of Nazi Germany. Two uncles were killed, his father wounded and a brother starv...
David Thielen | Posted 11.17.2009 | Denver
I met with Rep. Jared Polis this afternoon at Canyon Mine Coffee in Lafayette. I swear, Jared has so much energy that if we could plug him in to the p...
Jenna Staul | Posted 11.16.2009 | Business
The Associated Press reports that Sen. Max Baucus has received more donations from the health care industry -- $3.9 million since 1989 -- than any oth...
Jenna Staul | Posted 11.16.2009 | Business
Bloomberg reports that the head Washington lobbyist for Goldman Sachs has been forbidden to communicate with Democrats on the House Financial Services...
HuffingtonPost.com | Jeff Muskus | Posted 11.15.2009 | Business
The House bill that would shine a light on the Federal Reserve reached 290 cosponsors on Wednesday. Authored by longtime crusader for Fed transparenc...
Bloomberg | Rich Miller and Julianna Goldman | Posted 11.15.2009 | Politics
President Barack Obama said job losses are "bottoming out" and the U.S. economy looks to be growing again even as he warned against cutting off govern...
Washington Post | Brady Dennis | Posted 11.13.2009 | Politics
President Obama will head to Wall Street on Monday to try to breathe new life into efforts to overhaul the financial regulatory system, an undertaking...
HuffingtonPost.com | Jason Linkins | Posted 10.08.2009 | Business