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Financial Regulation

Summers and the Banks

Jared Bernstein | Posted 10.29.2013 | Business
Jared Bernstein

In the interest of fairness, I also wanted to weigh in briefly on ways in which Larry Summers views on financial market oversight, a critical part of the job of Fed chair, have been misrepresented in some accounts.

Shahien Nasiripour

U.S. Faces New Threat From Washington | Shahien Nasiripour | Posted 08.28.2013 | Politics

WASHINGTON -- Regulators overseeing the nation’s largest financial institutions are distrustful of their bosses, afraid to speak out, and feeling is...

The Federal Government Didn't Lose the War on Poverty -- It Retreated

Anthony W. Orlando | Posted 10.25.2013 | Politics
Anthony W. Orlando

This historical amnesia is a dangerous mistake. It poisons our hearts with pessimism. It blinds us to the lessons and solutions we need. Most New Yorkers have no idea how prevalent poverty used to be -- or how their predecessors made it go away.

A Strong Dose of Mo Needed

Rev. Seamus P. Finn, OMI | Posted 10.23.2013 | Business
Rev. Seamus P. Finn, OMI

Slogans and promises alone will not be the solution. We need to get the rules and regulations that respond to real needs and to the needs of communities across the country.

Setting the Tone for Transparency

Badr Jafar | Posted 10.20.2013 | Business
Badr Jafar

Until we develop a culturally-relevant and widely accepted concept of what constitutes poor corporate practice in a specific country or region, we cannot develop mechanisms that effectively promote good governance and stamp out corruption in that location.

Larry Summers as Ineffectual Regulator: Tall Tales From the White House

Dean Baker | Posted 08.19.2013 | Business
Dean Baker

Summers had ample opportunity in his prior jobs to demonstrate a commitment to rein in the financial sector. All the evidence shows he pushed in the opposite direction. The Obama administration's effort to portray him as the frustrated regulator should not be taken seriously.

False Arrest: Does the Revolving Door Make Wall Street Reform Impossible?

Sanjay Sanghoee | Posted 10.13.2013 | Business
Sanjay Sanghoee

Where these people will go after government is hard to predict, but the odds are pretty high that they will return to their corporate, and highly profitable, roots.

Jason Linkins

Surely The Obama Administration Is Joking About This 'Have Larry Summers Run The Federal Reserve' Thing! | Jason Linkins | Posted 07.25.2013 | Politics

Way way back at the end of this period of time that we like to call "the 1990s," Time magazine featured Alan Greenspan, Robert Rubin, and Larry Summer...

Mark Gongloff

Wall Street's Top Watchdog Is A Hot Mess: Study | Mark Gongloff | Posted 07.19.2013 | Business

Good news, Wall Street: Your top watchdog is too much of a hot mess to police you properly, according to a new study by another government watchdog. ...

Getting Out of Recession: European Austerity v. American Deficit Finance -- Which One Is Effective?

Nake M. Kamrany | Posted 09.18.2013 | Politics
Nake M. Kamrany

The fear that deficits and mounting debt will suffocate economic recovery and impede healthy growth has been tested over the last several years, and the results are not just unimpressive -- but painful when one looks at unemployment levels.

Bank Leverage Now in EU's Hands

Chris Brummer | Posted 09.17.2013 | Business
Chris Brummer

The ball is in the EU's court to show just how much international financial coordination will be a race to the top, or to the bottom.

WATCH: Elizabeth Warren Schools CNBC Anchors

The Huffington Post | Posted 07.18.2013 | Business

Elizabeth Warren has a message for any television personalities questioning the merits of increased financial regulation: You’re wrong. During a...

Mark Gongloff

JPMorgan Chase Fires Back At Elizabeth Warren | Mark Gongloff | Posted 07.12.2013 | Business

Shocking news: JPMorgan Chase is not exactly jazzed about some recent plans to regulate banks, including Elizabeth Warren and John McCain's bill to re...

Mark Gongloff

No, Making Whiny Banks Hold More Capital Is Not Going To Wreck The Economy | Mark Gongloff | Posted 07.10.2013 | Business

Uh-oh, everybody: Bankers are warning that the U.S. economy could be in deep trouble. Not because bankers wrecked it again, like that last time, but b...

European Attacks on U.S. Regulators Must Not Be Allowed to Weaken U.S. Derivatives Rules

Dennis M. Kelleher | Posted 08.24.2013 | Business
Dennis M. Kelleher

This is little more than a brazen attempt to bully U.S. regulators into delaying and weakening U.S. rules, which, as Senator Elizabeth Warren has pointed out, must not happen.

Regulators Push For Big Move Against Too Big To Fail

Reuters | Posted 08.21.2013 | Business

By Douwe Miedema WASHINGTON, June 21 (Reuters) - Two top U.S. bank regulators are pushing to double capital requirements for the count...

Wall Street Helping Congress Write Financial Regulation Bills | Posted 05.26.2013 | Business

WASHINGTON -- Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helpi...

Why Democrats Can't Be Trusted to Control Wall Street

Robert Reich | Posted 07.24.2013 | Business
Robert Reich

All these men are honorable. None has broken any law. But they and their ilk in congress -- the Democrats who are now rolling back Dodd-Frank -- don't seem to appreciate the extent to which Wall Street has harmed, and continues to harm, America.

SHOCK! Bankers Are Getting Some Srsly Dubious Advice From Lawyers

The Huffington Post | Mark Gongloff | Posted 05.20.2013 | Business

From Saul Goodman of "Breaking Bad" to Harold Melvoin of "The Sopranos," sleazy lawyers on the teevee are always giving criminals career advice. This ...

The Incentive for Regulators Not to Regulate

Thomas White | Posted 07.08.2013 | Politics
Thomas White

The private sector isn't bad, nor is the SEC, or at least they don't have to be. Common sense reforms that strike at the heart of deleterious incentives are the only ways to cure the financial regulatory system of its toothless regulations and laughable oversight mechanisms.

Why 20 Government Offices You've Never Heard of Are Key to Financial Recovery

Preeti Vissa | Posted 07.08.2013 | Business
Preeti Vissa

To do their job properly, financial regulators -- the people in charge of securing our economic future -- must understand how their policies affect these communities. And that's why we desperately need people of color in these positions.

Everyone's Business: Why the Private Sector should be Accountable to the Public

Sanjay Sanghoee | Posted 06.26.2013 | Business
Sanjay Sanghoee

The private sector should be held to the same standard of scrutiny that the government itself receives from the people, and corporate governance should be as much a matter of public debate and law as political governance.

SEC Taps Wall Street Lawyer to Police Wall Street

Project On Government Oversight | Posted 06.24.2013 | Politics
Project On Government Oversight

The appointment comes as no surprise because the agency typically draws regulators from the ranks of the regulated. But it does illustrate a significant problem: by relying so heavily on people with industry connections, the SEC can tangle itself in conflicts of interest.

A Metaphoric Solution for Too Much of Everything

Frank A. Weil | Posted 06.11.2013 | Politics
Frank A. Weil

Just about everyone in America agrees and feels that there is too much regulation everywhere -- local, state and federal. Just about everyone also fee...

Mark Gongloff

Columbia Research Paper On High Speed Trading Paid For By High-Speed Trading Firm | Mark Gongloff | Posted 03.27.2013 | Business

As it did before the financial crisis, Wall Street is bankrolling academics to bolster its case against regulation. Then, the research gave warm tongu...