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Financial Regulation

Meet The Women Charged With Cleaning Up Wall Street

TIME | Michael Scherer | Posted 05.25.2011 | Business

A few weeks back, at an event to celebrate the role of women in finance, Treasury Secretary Timothy Geithner tried to get things started with a joke. ...

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...

Financial Reform: Now It's Up to the Regulators

Douglas J. Elliott | Posted 05.25.2011 | Business
Douglas J. Elliott

Hard as it may be to conceive, the complexity embedded in its over 2,000 pages of text is likely to be exceeded by the complications involved in the regulatory implementation of financial reform.

Exclusive Interview: Elizabeth Warren Says Big Banks Must Stop Blocking Reform

Lynn Parramore | Posted 05.25.2011 | Business
Lynn Parramore

Senate Democrats are making the final push on financial reform this week, but will big banks really change the way they do business? Or will we still be pawns in a game rigged in their favor?

My Views on Wall Street and Our Broken Political Process

Reshma Saujani | Posted 05.25.2011 | New York
Reshma Saujani

The Washington Post has published a front-page story calling me an "Ivy-educated, Wall Street veteran" who is "embracing Wall Street." Let me set the record straight.

Shahien Nasiripour

Mutual Fund To No Longer Invest In 'Too Big To Fail' Banks | Shahien Nasiripour | Posted 05.25.2011 | Business

A top-ranked mutual fund will no longer invest in "Too Big To Fail" banks, announcing Thursday it would extend a prohibition already in place against ...

Wall Street Dodged Financial Regulation, Says Banking Exec

The New York Observer | Max Abelson | Posted 05.25.2011 | Business

I asked him about how seriously Wall Street takes the upcoming financial regulation. "It's taken seriously only how it could impact profits, not taken...

SEC and MMS: A Tale of Two Failures

Eliot Spitzer | Posted 05.25.2011 | Business
Eliot Spitzer

We have endured two cataclysms in which a regulatory agency failed to meet even the minimum requirements for doing its job. Where will the next disaster occur? At the FDA? The Nuclear Regulatory Commission?

Don't Let Goldman Sachs Off the Hook

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

We want Fed money to be fueling business and consumer lending -- we don't want it to be encouraging gambling in the securities and derivatives casinos.

The (Almost) Crash of Wall Street

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Ninety minutes before the end of the trading day Thursday, the U.S. stock market almost melted down. The Dow Jones Industrial Average dropped nearly 1,000 points and still, no one knows why.

Greed Stole the Mantle of Business Acumen

Stephen Herrington | Posted 05.25.2011 | Politics
Stephen Herrington

The greedy produce the most profit in the shortest period of time because they don't believe in any future. Consequences are not real because there is no tomorrow past the bonus deadline.

Finance for Dummies

Yvette Kantrow | Posted 05.25.2011 | Business
Yvette Kantrow

For a nation of people who don't understand how credit cards work, we sure produce a lot of books about business, finance and Wall Street. It's a bit like obesity. We publish a ton of diet books, but just keep getting fatter.

Financial Regulation Bill Lacks Real Reform

Tom Donohue | Posted 05.25.2011 | Business
Tom Donohue

This tsunami of new rules and studies will cause tremendous uncertainty, making it harder for businesses to raise capital, make investments, and create jobs.

Yves Smith Doesn't Dislike All Economists, Just Some of Them

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

I sat down with Yves Smith, author of the new book Econned for an amazing analysis from one of the financial industry's greatest critics and fans.

Financial Reform: Lobbyists Fret, Call Some Proposals 'Crazy' 'Draconian,' 'Insanely Unproductive' | Brady Dennis | Posted 05.25.2011 | Business

Some industry lobbyists, bracing for significant setbacks in the Senate, already are pinning their hopes on the House-Senate conference process, where...

13 Bankers: Why It's Essential That Universities Return To Teaching Economic History

Mark Thoma | Posted 05.25.2011 | Books
Mark Thoma

13 Bankers is essential reading for any economist who wants to understand what triggered financial panics in the past, what policies worked or failed and why, and how it relates to today.

Obama the Visionless: Flogging the Four Horsemen of the Bureaucracy

Anis Shivani | Posted 05.25.2011 | Politics
Anis Shivani

We are stuck with the checklist president -- the to-do-list president, the carry-over president, the regulation president -- when what we needed was a vision president.

The Flogging of Goldman Sachs -- A Shell Game, A Semantic Problem, or Populist Rage Gone Wild?

Larry Gellman | Posted 05.25.2011 | Politics
Larry Gellman

The message at the Goldman Sachs hearing was clear: these guys are horrible people, and they need to be publicly whipped. The fact that none of them broke the law shouldn't slow us down.

Slippery Oil Slicks

Bob Franken | Posted 05.25.2011 | Politics
Bob Franken

Don't be surprised if the Deepwater Horizon tragedy will be the newest excuse for a big jump in gasoline prices. We know that Oil Slick is also another name for energy company executives.


Russ Baker | Posted 05.25.2011 | Politics
Russ Baker

An article about financial reform legislation seems too little, too late--and points out the need for better journalism in this area. Headlined "Sen...

Hedge Funds Getting 'Pretty Sweet Deal' In Financial Reform Bills: Politico | Chris Frates | Posted 05.25.2011 | Business

The Private Equity Council and the Managed Funds Association paid lobbyists more than $7.3 million last year and almost $2 million in the first three ...

Shahien Nasiripour

Key Democrat Backs Financial Reform As Senate Edges Toward Passage | Shahien Nasiripour | Posted 05.25.2011 | Politics

One of the two Senate Democrats opposed to the pending financial reform bill flipped Thursday and announced that she would back a bill she had until n...

The Ritual of Reform

The 14th Banker | Posted 05.25.2011 | Business
The 14th Banker

We must continue to address the critical problems that Dodd-Frank does not address. Among these are a pathological social deviancy, opportunism and plundering by many of our corporate persons.

FDIC Head Sheila Bair: Let Banks Keep Derivatives

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — A top government banking regulator wants Senate Democrats to let banks keep most of their business in complex – and profitabl...

Obama Hails House Passage Of Financial Reform

AP | Posted 05.25.2011 | Politics

WASHINGTON — President Barack Obama says House passage of a massive overhaul of financial regulations is a victory for everyone who was hurt by ...