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Financial Regulation

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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Derivatives Reform: 'Tricky Exceptions' Leave Market Unchecked: The Nation

thenation.com | William Greider | Posted 11.13.2009 | Business

Read More: Goldman Sachs, JPMorgan Chase, Morgan Stanley, Economy, Derivatives, Barney Frank, Bank of America, Regulatory Reform, Obama Administration, Derivatives Trading, Financial Regulation, House Financial Services Committee, Citigroup, Transparency, Business News

The Obama administration promised to reform the financial system and make it safe for the rest of us, but recent Congressional action is more likely t...

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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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The Real Danger of "One Big Regulator"

Thomas Frank | Posted 11.11.2009 | Business

Read More: Federal Reserve, Regulation, Obama Administration, Alan Greenspan, Financial Regulation, Business News
Thomas Frank

Currently, oversight is dispersed among numerous confusing bodies that at times have seemed to be racing each other to the bottom. Setting up One Big Regulator would end that problem.

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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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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 11.10.2009 | 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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Federal Reserve-Led Regulation Opposed By Lawmakers From Both Parties

Patrice Hill | Posted 11.09.2009 | Business

Read More: Treasury Department, Barney Frank, Bank of America, Aig, Banks, Federal Reserve, Timothy Geithner, Obama Financial Reform, Financial Regulation, Ralph Nader, House Financial Services Committee, Business News

An unusual alliance of conservatives and liberals is pushing to break up or downsize banks deemed "too big to fail," rather than create a new regulato...

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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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Nouriel Roubini: 'Too Big To Fail' Revisited

forbes.com | Nouriel Roubini | Posted 11.05.2009 | Business

Read More: Mervyn King, Nouriel Roubini, Financial Reform, Too Big to Fail, Banks, Financial Crisis, Alan Greenspan, Paul Volcker, g20, Financial Regulation, Glass-Steagall, Business News

Although the G-20 finance ministers pledged stronger prudential regulation and financial oversight of systemically important firms at their September ...

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Chris Dodd's New Legislation Would Strip Power From Fed, FDIC

wsj.com | DAMIAN PALETTA | Posted 11.05.2009 | Business

Read More: Fdic, White House, Barney Frank, Financial Reform, Federal Reserve, Chris Dodd, Ben Bernanke, Sheila Bair, Too Big to Fail, Barack Obama, Financial Regulation, Business News

WASHINGTON -- A key Senate lawmaker is readying legislation that would dramatically redraw how the financial system is regulated, setting the chamber ...

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Jim Chanos: Financial Crisis Lessons Investors Have Already Forgotten

businessinsider.com | John Carney | Posted 11.03.2009 | Business

Read More: Financial Crisis, Jim Chanos, Wall Street, Financial Regulation, Six Sigma, Fiscal Policy, Business News

Famed hedge fund manager and short seller Jim Chanos recently gave a presentation at the University of Virginia's Value Investing Conference and the Y...

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The House Financial Reform Bill: Don't Touch the Banks, Get a Smarter Fed

Dean Baker | Posted 11.03.2009 | Business

Read More: Banks, Bailouts, Financial Reform, Barney Frank, Too Big to Fail, Financial Crisis, Financial Regulation, House Financial Services Committee, Business News
Dean Baker

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.

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Shahien Nasiripour

White House Quietly Working To Weaken Investor Protection

HuffingtonPost.com | Shahien Nasiripour | Posted 11.02.2009 | Business

Read More: John Adler, Investor Protection, Worldcom, Financial Reform, Enron, Sarbanes-Oxley Act, Financial Crisis, Consumers, Securities and Exchange Commission, Financial Regulation, Carolyn Maloney, Investors, Business News

The White House is quietly working to undercut a key post-Enron reform, significantly weakening protection for everyday investors and threatening the ...

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Let Us Now Praise Uppity Women

Linda R. Monk, J.D. | Posted 11.02.2009 | Business

Read More: Robert Rubin, Wall Street, Commodities Futures Trading Commission Brooksley Born, Citibank, Banks, Financial Crisis, Larry Summers, Alan Greenspan, Brooksley Born, Citigroup, Regulation, Commodity Futures Trading Commission, Financial Regulation, Business News
Linda R. Monk, J.D.

Women like Brooksley Born have a long history of being whistle-blowers in systems dominated by men. Perhaps this time Congress -- and the American people -- will listen.

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Goldman Sachs Defends Trading Practices: Dark Pools, Flash Trading, Short Selling

Telegraph | James Quinn, US Business Editor | Posted 10.28.2009 | Business

Read More: Economy, Financial Reform, Dark Pools, Regulation, Bankers, Short Selling, Goldman, Investors, Goldman Sachs, Investing, Flash Trading, Wall Street, Finance, Trading Practices, Sec, Trading, Financial Regulation, Business News

In a document handed to the US Securities and Exchange Commission (SEC), the investment bank asserts that such practices, some of which the SEC is loo...

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Shahien Nasiripour

Jamie Dimon, Head of JPMorgan Chase: "Everyone Should Be Allowed To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 10.28.2009 | Business

Read More: JPMorgan Chase, Bear Stearns and JPMorgan Chase, J.P. Morgan Chase, Washington Mutual, Too Big to Fail, Regulatory Reform, Office of Thrift Supervision, Ots, Financial Crisis, Aig, Jamie Dimon, Sifma, Financial Regulation, Business News

The head of the country's second-biggest bank, considered by many to be "too big to fail," said Tuesday that no firm should be immune from failure. ...

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Shahien Nasiripour

House Democrats John Adler, Carolyn Maloney Move To Weaken Investor Protection Bill

HuffingtonPost.com | Shahien Nasiripour | Posted 10.27.2009 | Business

Read More: John Adler, Worldcom, Financial Reform, Enron, Sarbanes-Oxley Act, Financial Crisis, Consumers, Securities and Exchange Commission, Financial Regulation, Investors, Carolyn Maloney, Business News

Two House Democrats are planning to introduce amendments Tuesday to exempt small- and medium-sized companies from a key post-Enron reform. Consumer ad...

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A Reasonable Case For Regulation

Rep. Jackie Speier | Posted 10.26.2009 | Politics

Read More: Sec, Lehman Brothers, Financial Services Committee, Regulation, Rating Agencies, Moody's, Fitch, Standard & Poor, Financial Regulation, Jackie Speier, California, Politics News
Rep. Jackie Speier

How would you feel if you discovered that a highly-rated bond received its grade not because the company is strong, but because the rating agency assumed the government would bail the company out?

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Barack Obama Is Doing My Job; Why America Needs Him to Do His

Arianna Huffington | Posted 10.28.2009 | Business

Read More: Goldman Sachs, Fdic, Executive Pay, President Obama, Barack Obama Financial Crisis, TARP Money, Ben Bernanke, Obama Financial Reform, Big Banks, The Fed, Financial Regulation, Business News
Arianna Huffington

When it comes to dealing with Wall Street, President Obama seems to have traded in his position as our economy's commander-in-chief for a different role: pundit-in-chief.

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Shahien Nasiripour

Ed Yingling: Banking Industry's Top Defender Got It Wrong Over and Over Again

HuffingtonPost.com | Shahien Nasiripour | Posted 10.26.2009 | Business

Read More: Aba, Financial Reform, Lobbyists, Cfpa, Credit Cards, Heather Booth, Americans for Financial Reform, Consumer Financial Protection Agency, Edward L. Yingling, Ed-Yingling, Overdraft Fees, Financial Crisis, Banks, Bank Lobbying, Edward Yingling, Ed Yingling, Financial Regulation, American Bankers Association, Business News

As the American Bankers Association gathers for its annual convention in Chicago amid hundreds of protesters, and sets off to kill or at least defang ...

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Congressional Fail: Don't Let Congress Take Credit

Harry Moroz | Posted 10.23.2009 | Politics

Read More: Consumer Protection, Credit Cardholders Bill of Rights, Congress, Senator Dodd, Credit Cards, Rep. Maloney, Credit Card Accountability Responsbility and Disclosure Act, Financial Regulation, Politics News
Harry Moroz

Even as consumers suffer the housing crisis and an abysmal job market, they face the prospect of hundreds or even thousands more dollars of credit card debt because of Congress.

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Executive Pay Cuts? Hold the Standing Ovation

Stuart Whatley | Posted 10.24.2009 | Business

Read More: Tarp, Wall Street Bailout, TARP Money, Aig Bonuses, Financial Reform, Bank of America, Aig, Barack Obama, Goldman Sachs, Bailout, Health Care Reform, Financial Crisis, Wall Street Bonuses, Kenneth Feinberg, Financial Regulation, Citigroup, Business News
Stuart Whatley

Yes, a quick round of applause for Feinberg for cutting our financial wards' CEO pay. But hold off on the standing ovation; the Obama era does not need a "Mission Accomplished" moment.

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Crash the Bankers' Party in Chicago

Anna Burger | Posted 10.22.2009 | Business

Read More: Greed, Anna Burger, Wall Street, Bailout, Seiu, Chicago, Banks, Financial Regulation, Business News
Anna Burger

If you could get all the architects of the Wall Street scam together in one place, what would you say to them? They'll all be in Chicago this weekend -- and we're headed there to meet them.

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House Panel Says States Can Protect Consumers

AP | ANNE FLAHERTY | Posted 10.22.2009 | Politics

Read More: House of Representatives, Melvin Watt, Consumer Financial Protection Agency, Financial Services Committee, Barney Frank, Banking Crisis, Dennis-Moore, Melissa Bean, Banking Industry, Financial Regulation, House Financial Services Committee, Politics News

WASHINGTON — The House Financial Services Committee agreed Wednesday to ensure states can impose their own tough consumer protection laws agains...

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