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Financial Overhaul

New Rules Require Banks To Share More Risk

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Banks will have to share in the risk when they sell investments of the kind that rocked the financial system in 2008 under rules ad...

Executive Compensation: Barney Frank To Hold Hearing On Wall Street Pay

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011 | Business

Rep. Barney Frank, chairman of the House Financial Services Committee, said Tuesday that he will hold a hearing this fall to examine whether regulator...

Freddie Mac Requests $1.8B Government Handout After Big Losses

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Keeping Fannie Mae and Freddie Mac in business will cost taxpayers billions. But getting the federal government out of the mortgage...

Credit Cards Transfer Money From Poor To Rich Households: Study

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Credit cards do more than drain money from your wallet -- they may actually create an "implicit money transfer" from the poor to the rich, according t...

Highlights Of The Financial Overhaul Bill (PHOTOS)

HuffPost/AP | Posted 05.25.2011 | Business

Congress just passed a sweeping overhaul of America's financial regulatory system. The financial bill cleared the Senate by a vote of 60 to 39, and ...

Simon Johnson: A Roosevelt Moment for America's Megabanks?

Project Syndicate | Posted 05.25.2011 | Business

WASHINGTON, DC -- Just over a hundred years ago, the United States led the world in terms of rethinking how big business worked -- and when the power ...

Today's Front Pages: July 14

Posted 05.25.2011 | New York

The talk of the town: ...

Key Republican Moderate Backs Financial Reform As Bill Edges Closer To Passage

Posted 05.25.2011 | Politics

WASHINGTON (AP) -- Sens. Olympia Snowe and Scott Brown pushed sweeping financial legislation to the edge of final passage Monday, both announcing they...

Auto Dealers, Community Banks Dodge Consumer Oversight

AP | STEPHEN MANNING and MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — The financial overhaul bill awaiting final action in the Senate includes a new regulator whose aim is to make sure mortgages, credi...

Stocks And Consumer Sentiment Rise Amid Financial Overhaul

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Bank stocks shot higher Friday after an agreement on a financial regulation bill reassured investors that new rules won't devastate f...

Expect G-20 Leaders To Clash Over Global Recovery

AP | JEANNINE AVERSA and TOM RAUM | Posted 05.25.2011 | Business

HUNTSVILLE, Ontario — Fresh from a congressional win on a financial overhaul, President Barack Obama pressed world leaders on Friday to join him...

Public Isn't Buying Wall Street Reform: AP Poll

AP | Posted 05.25.2011 | Business

WASHINGTON — Americans aren't convinced new Wall Street rules will prevent a future financial crisis. An Associated Press-GfK Poll finds that 6...

Swinging Senators to Be

Shawn Healy | Posted 05.25.2011 | Chicago
Shawn Healy

Attendees of the Union League Club's Dem Senatorial Forum were treated to candidates largely in agreement, but whose actions show little evidence they have been infected by the holiday spirit.

We Need to Support Obama in Overhauling the Financial Industry, Before it's Too Late

John Atlas | Posted 05.25.2011 | Business
John Atlas

I believe its time for the government to exert tough new control over the financial services industry. Polls show that a majority of the American people agree.

Obama: I'm Ready For A Fight Over New Consumer Protections

Huffingtion Post/AP | Posted 05.25.2011 | Politics

AP: WASHINGTON — President Barack Obama said Saturday that current financial rules exploit consumers and he put critics of his proposed overhaul...

Clinton Labor Secretary: Obama's Wall Street Plan "Does Not Measure Up"

Salon | Robert Reich | Posted 05.25.2011 | Politics

The plan doesn't stop bankers from making huge, risky bets with other people's money. It does increase capital requirements and oversight, but it does...

Obama's Bank Overhaul May Stall As Congress Tackles Health Care, Climate Control

Bloomberg News | Posted 05.25.2011 | Politics

June 16 (Bloomberg) -- The Obama administration's revamp of U.S. banking and market regulations may be stalled into next year as Congress and the pres...

Financial Regulatory Overhaul Starts Next Month Amid Intense Lobbying

Financial Times | Posted 05.25.2011 | Business

Congress will next month start the biggest regulatory overhaul of the US financial system in decades, bringing into the open a frantic lobbying effort...