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Financial Reform

Shahien Nasiripour and Ryan Grim

Senator Says Loophole In Derivatives Regulation Undermines Reform

HuffingtonPost.com | Shahien Nasiripour and Ryan Grim | Posted 11.20.2009 | Business

Read More: Financial Crisis, Cantwell, Occ, Regulatory Reform, Derivatives, Financial Reform, Derivatives Reform, Collin Peterson, Barney Frank, Main Street, Bailout, Maria Cantwell, Wall Street, Business News

The effort to impose new restrictions on the financial system falls short of true reform if there's a gigantic loophole for foreign exchange derivativ...

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Goldman Sachs Shareholders Ask Bank To Cut Down HUGE Bonuses

Posted 11.20.2009 | Business

Read More: Lloyd Blankfein, Goldman Sachs, Goldman Sachs Shareholders, Financial Reform, Alliancebernstein, Banks, Bonuses, Bank Bonuses, Wall Street Bonuses, Business News

Think of it as an atypical example of "shareholder activism." Several of the biggest shareholders of Goldman Sachs -- which, it should be noted, has m...

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John Mack, Morgan Stanley CEO: I Love Regulators! (VIDEO)

Posted 11.19.2009 | Business

Read More: Bloomberg, Morgan Stanley, Financial Reform, Banks, Regulation, John Mack, Business News

Morgan Stanley CEO John Mack appears to have no problem financial regulators. In fact, Mack, speaking at a financial journalist panel held by Bloomber...

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Elizabeth Warren's New Model For Wall St.: 'If You Can't Explain It, You Can't Sell It'

bloomberg.com | Posted 11.19.2009 | Business

Read More: Congresisonal Oversight Panel, Coors Light, Elizabeth Warren, Troubled Asset Relief Program, Financial Reform, U.S. Chamber of Commerce, Consumer Protection Agency, Harvard, Barack Obama, Thomas Cooley, House Financial Services Committee, Business News

Nov. 19 (Bloomberg) -- In Elizabeth Warren's world, credit card contracts would be so simple a teenager could read and understand them in four minutes...

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CFTC Gets Derivatives Advice From Industry Insiders

HuffPost Investigative Fund | Keith Epstein And Ben Protess | Posted 11.18.2009 | Politics

Read More: Cantwell, Goldman Sachs, Lobbyists, Cftc, Commodities Futures Trading Commission, JP Morgan, Obama, Citigroup Global Markets, Federal Advisory Committee Act, White House, Euronext Liffe, Maria Cantwell, Financial Crisis, Government Accountability Office, Jill Sommers, Cme, Lobbying, Derivatives, Richard Berliand, Financial Reform, Joanne Medero, Arthur Hahn, Goldman, Barclays, Jill E. Sommers, Barack Obama, Gao, Derivatives Trading, Robert Klein, Bonnie Litt, Citigroup, Politics News

Like many federal agencies contemplating reform these days, the Commodities Futures Trading Commission is hearing a lot from the industry it regulates...

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What Would Lincoln Do? Financial Regulation in Times of Crisis

Ray Brescia | Posted 11.19.2009 | Business

Read More: Financial Crisis, Financial Meltdown, Financial Reform, Business News
Ray Brescia

Many features in our current financial system were also present in the financial system at the outbreak of the Civil War. The lesson we can learn is that reform will take radical steps over a long time.

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House Dems Sharpening 'Too Big To Fail' Bill

Reuters | Kevin Drawbaugh | Posted 11.18.2009 | Business

Read More: House of Representatives, Financial Reform, Too Big to Fail, Too Big to Fail Bill, Financial Regulation, House Financial Services Committee, Republicans, Business News

WASHINGTON (Reuters) - A key U.S. congressional panel moved toward toughening a plan for dealing with "too big to fail" financial firms on Tuesday, wh...

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Ryan Grim

Moneyed Interests Lining Up For Battle Over Accounting Standards

HuffingtonPost.com | Ryan Grim | Posted 11.16.2009 | Politics

Read More: CFA Institute Centre for Financial Market Integrity, Tohmatsu, Council of Institutional Investors, Committee on Capital Markets Regulation, American Institute of Certified Public Accountants, Center for Capital Markets Competitiveness, Economy, Financial Services Roundtable, American Council for Capital Formation, Reform, National Association of Home Builders, Ernst and Young, Accf, Financial Executives International, Jim Turley, Center for Audit Quality, Commercial Mortgage Securities Association, Financial Accounting Standards Advisory Council, National Multi Housing Council, Paul Volcker, Real Estate, Accounting, American Bankers Association, Sec, Aba, Calpers, Fasb, Financial Reform, Investment Company Institute, Institute of Management Accountants, US SEC, National Apartment Association, Grant Thornton Llp, Ed Perlmutter, Kpmg, Recession, Barney Frank, House Financial Services Committee, Deloitte Touche, Council of Federal Home Loan Banks, Perlmutter, Real Estate Roundtable, Banks, Emails, Politics News

In the midst of what was supposed to be a Congressional push for increased financial regulation and accountability, a powerful coalition of moneyed in...

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Financial Industry Gives 250% More to Sway Key Legislators, Public Citizen Reveals at Goldman Sachs Protest

Art Levine | Posted 11.16.2009 | Politics

Read More: Andy Stern, Financial Crisis, Afl-Cio, Goldmansachs, Barack Obama, Seiu, Financial Reform, Politics News
Art Levine

Fury is mounting over Goldman Sachs CEO Lloyd Blankfein's comment that's he's just a banker "doing God's work" and the ongoing risk that "too big to fail" firms like Goldman Sachs pose to the economy.

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Eliot Spitzer Talks Financial And Personal Crisis In BBC Interview (AUDIO)

Posted 11.14.2009 | Business

Read More: BBC Interview, Financial Crisis, Eliot Spitzer, Sex Scandal, Carrie Gracie, Eliot Spitzer Prostitution, Financial Reform, Business News

In a wide-ranging interview with the BBC's Carrie Gracie, former New York Governor Eliot Spitzer discusses crashes -- both personal and financial. D...

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The End of 'Too Big to Fail'

Rep. Paul Kanjorski | Posted 11.13.2009 | Business

Read More: Tarp, Wall Street Bailout, Bailout, Paul Kanjorski, Wall Street, Financial Reform, Too Big to Fail, Financial Crisis, Financial Regulation, Business News
Rep. Paul Kanjorski

The economic meltdown we narrowly averted last year rightfully convinced the American people that we need to re-examine the fundamental structure of our financial system. Naturally, Wall Street disagrees.

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Why Sen. Dodd's Opposition to the Federal Reserve is Ill-Conceived

Georges Ugeux | Posted 11.13.2009 | Politics

Read More: Tarp, John McCain, Congress, Fdic, Hank Paulson, Liquidity, International Monetary Fund, Financial Reform, Senate Banking Committee, Ben Bernake, Federal Reserve, Monetary Policy, Chris Dodd, Democrats, European Central Bank, Frankfurt, Bank for International Settlements, Senate, Forum of Financial Stability, Treasury, Washington, Comptroller of the Currency, Central Banks, Sec, Global-Financial-Markets, Us, Sheila Bair, Republicans, Politics News
Georges Ugeux

Had Senate Banking Committee's Chairman Chris Dodd's proposal been effective before the crisis, where would we be today?

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God to Goldman Sachs: You're Not Doing 'God's Work,' Joins Call for Protest at DC Headquarters

Art Levine | Posted 11.13.2009 | Business

Read More: Goldman Sachs, Nomi Prins, Barney Frank, Financial Reform, Banks, Obama, Dylan Ratigan, Too Big to Fail, Americans for Financial Reform, Public Citizen, Federal Reserve, Chris Dodd, Business News
Art Levine

Sources close to God reported Thursday that the Supreme Being was angered at recent comments by Goldman Sachs CEO Lloyd Blankfein that's he's just a banker "doing God's work."

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Lobbyists Fret Over Bank Break-Up Proposals

The Huffington Post | Jenna Staul | Posted 11.13.2009 | Business

Read More: Wall Street, Lobbyblog, Too Big to Fail, Financial Reform, Business News

The Hill reports that lobbyists for financial giants JPMorgan Chase, Citigroup and Prudential have held more than half a dozen meetings with lawmakers...

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The Ghost of Glass-Steagall

Nathan Havey | Posted 11.12.2009 | Business

Read More: Senator Chris Dodd, Nathan Havey, Financial Crisis, Chris Dodd, Financial Reform, Glass-Steagall, Break-Up-the-Big-Banks, Business News
Nathan Havey

Many of the same people who are now creating proposals to reign in the financial industry were, 10 short years ago, the people eating cake as they destroyed the barn door of regulation and let the big banks run free.

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Shahien Nasiripour

State Regulators: Dodd's Bank Bill Creates Another 'Too Big To Fail' Problem

HuffingtonPost.com | Shahien Nasiripour | Posted 11.13.2009 | Business

Read More: Christopher Dodd, Dual Charter, Regulatory Reform, Financial Reform, Bank Charter, Financial Regulation, Conference of State Bank Supervisors, Csbs, Tbtf, Financial Crisis, Senate Banking Committee, Chris Dodd, Too Big to Fail, Transparency, Business News

State bank regulators are warning that Senate Banking Committee Chairman Christopher Dodd's proposal to create one monolithic federal bank regulator w...

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WSJ: AIG CEO Robert Benmosche Ready To Quit Over Pay Constraints

Huffington Post/AP | Posted 11.12.2009 | Business

Read More: Geithner, Regulation, Credit Default Swaps, Obama, White House, Bailout, Insurance, Treasury, Benmosche, Wall Street, Robert Benmosche, New York, AIG Bailout, House, Kenneth Feinberg, Financial Reform, Aig, Metlife, Capitalism, Tim Geithner, Financial Regulation, Executive Compensation, Liddy, Barack Obama, Banks, Socialism, Bonuses, Ken Feinberg, Executive Pay, Edward Liddy, Senate, Business News

NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post a...

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Shahien Nasiripour

Derivatives Just "A Sophisticated Form Of Gambling," U.S. Senators Say; Propose Bill Allowing State Gambling Laws To Apply

HuffingtonPost.com | Shahien Nasiripour | Posted 11.10.2009 | Business

Read More: Ron Wyden, Cftc, Financial Reform, Regulatory Reform, Derivatives, Maria Cantwell, Derivatives Regulation, Preemption, Bernie Sanders, Financial Regulation, Gambling, Financial Crisis, Gary Gensler, Business News

In describing the complex and little-understood world of derivatives trading as "a sophisticated form of gambling," three U.S. Senators proposed legis...

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Military Credit Unions Fight Reform Fee

The Huffington Post | Jenna Staul | Posted 11.10.2009 | Books

Read More: Financial Crisis, Lobbyblog, Financial Reform, Books News

The Hill reports that credit unions representing members of the military are pressing lawmakers to oppose a piece of the financial reform bill that wo...

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Shahien Nasiripour and Ryan Grim

Dodd's Banking Bill Takes The Fed Down A Notch Or Two: HELP US DIG THROUGH IT

HuffingtonPost.com | Shahien Nasiripour and Ryan Grim | Posted 11.18.2009 | Business

Read More: Senator Chris Dodd, Consumer Financial Protection Agency, Financial Reform, Senate Banking Committee, Banking, Banks, Federal Reserve, Financial Crisis, Chris Dodd, Financial Regulation, Business News

Scroll down to see how you can help HuffPost dig through Dodd's new bill. "This is not a time for timidity," Senate Banking Committee Chairman Chris ...

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Wall Street Bonuses At Big Three Banks May Be Up 60% From Last Year

bloomberg.com | Michael J. Moore and Ian Katz | Posted 11.10.2009 | Business

Read More: JPMorgan Chase, Goldman Sachs, CEO Pay, Morgan Stanley, Bailout, Financial Reform, Banks, Big Three Banks, Bank Bonuses, Wall Street Pay, Wall Street Bonuses, Business News

Nov. 9 (Bloomberg) -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis sin...

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Frank Rich: White House Doesn't Seem To Understand Public's Wall Street Rage

New York Times | FRANK RICH | Posted 11.07.2009 | Politics

Read More: Larry Summers, ny23, Regulation, Obama, Teaparty, New York 23, White House, Dede Scozzafava, Finance, Gop, Paul Volcker, Wall Street, Bill Owens, New York City, Michael Bloomberg, Financial Reform, Election Day 2009, H1N1 Vaccine, Ny-23, Doug Hoffman, Democrats, 2009 Elections, Bill Thompson, Main Street, Elections, Anger, Tim Geithner, Banks, Bonuses, Too Big to Fail, Executive Pay, Republicans, Politics News

The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many --...

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Shahien Nasiripour

New Bill Would Keep Public In The Dark About Threats To Financial System

HuffingtonPost.com | Shahien Nasiripour | Posted 11.06.2009 | Business

Read More: Tbtf, Financial Reform, Barney Frank, Too Big to Fail, Financial Crisis, Mel Watt, Systemic Risk Regulator, Financial Stability, Systemic Risk, Gregory Meeks, Financial Regulation, Business News

Members of Congress and the general public may not be told of "potential emerging threats to the stability of the financial system," thanks to a Thurs...

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John Reed, Former Citigroup CEO, APOLOGIZES For Creating Monster Of A Bank

The Huffington Post | Ryan McCarthy | Posted 11.09.2009 | Business

Read More: Former Citigroup CEO, Bloomberg, Vikram Pandit, Glass-Steagal, Financial Reform, Financial Crisis, John Reed, Too Big Too Fail, Traveler's, Citigroup, Business News

It may be the most direct apology of the financial crisis. Former Citigroup chairman and CEO, John Reed, has apologized to a Bloomberg reporter fo...

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Pay Czar's Reforms May Not Restrict Wall Street Pay, Overall Pay Likely WON'T Fall

bloomberg.com | Ian Katz | Posted 11.06.2009 | Business

Read More: Goldman Sachs, Wall Street, Financial Reform, Banks, Aig, Financial Crisis, Pay Czar, Wall Street Pay, Kenneth Feinberg, Wall Street Bonuses, Pay Reform, Citigroup, Business News

Corporate governance and compensation experts say new rules will mostly help eliminate plans like those that tied bonuses to the number of subprime mo...

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