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Regulatory Reform

Nader: Consumer Rights Regulatory Body A Necessary Instituion (VIDEO)

Yahoo Finance | Posted 05.25.2011 | Business

Consumer advocate and former presidential candidate Ralph Nader appeared on Yahoo Tech Ticker today to discuss President Obama's plan for a consumer f...

Jason Linkins

SEC's Schapiro Depicted As An Easily-Influenced, Failed Wall Street Regulator - As Predicted | Jason Linkins | Posted 05.25.2011 | Business

Over at Bloomberg today, Jesse Westbrook unpacks at length on how Securities And Exchange Commission Chair Mary Schapiro is having a hard time bringin...

Senator Dodd's Reform Bill: Federal Reserve Stripped Of Too Much Power, Say Critics

McClatchy | Kevin G. Hall | Posted 05.25.2011 | Business

WASHINGTON -- Senate Banking Committee Chairman Christopher Dodd's sweeping new financial overhaul legislation, which proposes to strip the Federal Re...

Shahien Nasiripour

Derivatives Just "A Sophisticated Form Of Gambling," U.S. Senators Say; Propose Bill Allowing State Gambling Laws To Apply | Shahien Nasiripour | Posted 05.25.2011 | Business

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

Jason Linkins

Goldman Sachs's Black Magic: Take Two (VIDEO) | Jason Linkins | Posted 05.25.2011 | Business

Earlier today, on Morning Meeting, Dylan Ratigan attempted to demonstrate the way Goldman Sachs-- rescued from collapse a year ago by taxpayers -- man...

Jeff Muskus

Hoyer: Financial Reform Floor Vote Coming Next Month | Jeff Muskus | Posted 05.25.2011 | Politics

Look for financial regulatory reform to get a House floor vote in November, Majority Leader Steny Hoyer said Tuesday. "We expect to bring that bill t...

Bonus Bingo Resumes As Financial Crisis Commission Convenes

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

It remains to be seen if the public has the energy to spend on the billion-dollar payouts at the nation's largest firms, but we'll likely hear a sober defense from the industry.

Krugman: Obama Intimidated By Wall Street Scare Stories

The New York Times | Paul Krugman | Posted 05.25.2011 | Politics

A funny thing happened on the way to a new New Deal. A year ago, the only thing we had to fear was fear itself; today, the reigning doctrine in Washin...

How Credit Raters Fended Off Oversight From Congress And The SEC

Huffington Post Investigative Fund | Ben Protess and Lagan Sebert | Posted 05.25.2011 | Business

Editor's Note: This is the second of three articles by the Investigative Fund on the credit rating companies. Read the first article here. When the n...

Executive Compensation: The Best Halloween Costume

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

Limiting executive compensation is a terrific way to appease the masses and make it look like you're doing something without having to embark on the hard work of true regulatory reform.

Jason Linkins

Bloomberg Reports Derivatives Regulatory Legislation Contains Large Loopholes | Jason Linkins | Posted 05.25.2011 | Business

Hey kids! Were you holding out hope that someone might do something to robustly regulate the derivatives market that wrought such wrack and ruin to th...

How Green Are Our Bankers

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

It's easy to rail at Congress and the Fed and the President and all the bozos past, present and future who don't foresee the bubbles or simply drink too much of them. But what would you do? I'm seriously asking.

Shahien Nasiripour

Trading Profits Up 11 Percent For Banks; JPMorgan Chase Leads The Way | Shahien Nasiripour | Posted 05.25.2011 | Business

Despite controversy surrounding the financial instruments known as derivatives -- and legislation that might finally start to regulate them -- the nat...

Sam Stein

White House Official Feels 'Nervousness' About Dodd's Regulatory Plan | Sam Stein | Posted 05.25.2011 | Politics

(Updated with response from Dodd's office; see below.) One of the president's top economic advisers expressed concerns Friday that financial regulat...

Shahien Nasiripour

Jamie Dimon, Head of JPMorgan Chase: "Everyone Should Be Allowed To Fail" | Shahien Nasiripour | Posted 05.25.2011 | Business

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. ...

Major Loopholes In Derivatives Bill (For Now)

Newsweek | Michael Hirsh | Posted 05.25.2011 | Business

Thanks to weeks of intense pressure from Wall Street banks and their customers in corporate America, the bill that was approved on Thursday by Rep. Ba...

Bernanke Testifies Before The House Of Representatives | Posted 05.25.2011 | Business

Note: Below is the full text of Fed Chairman Ben Bernanke's prepared remarks delivered earlier today. Chairman Ben S. Bernanke Regulatory reform...

Just How Corrupt are the Bank Regulators?

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

Can we really expect the FDIC to effectively regulate the banks that have loaned them money so that they can do their job?

Remember That Whole Thing About Fixing Our Financial System?

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

"Everybody understands," Geithner said on This Week, "that we cannot have our financial system go back to the practices that brought this economy to the brink of collapse." The problem is, it already has.

Don't Let Bankers Gut the Consumer Protection Agency

Tram Nguyen | Posted 05.25.2011 | Business
Tram Nguyen

As history has shown, the only way to counter organized greed is to organize people.

Financial Reforms: Is Europe Hypocritical?

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

European bank losses were as high as the U.S. They used the same compensation system, and their fragmented and ineffective regulatory system shares responsibility for the crisis.

Geithner Drops the F-Bomb! Reform Will Follow

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Tim Geithner dropped the F-Bomb repeatedly the other day. And I think it's safe to say it's living proof that genuine regulatory reform is now on the way.

The "Loan Arrangers" Will Not Ride Again

Rep. Barney Frank | Posted 05.25.2011 | Politics
Rep. Barney Frank

We will prove that the best thing you can do for capitalism is to have rules that give investors the confidence to get back into the system, that protect the great majority of decent people from abuses.

Has Health Care Killed Regulatory Reform?

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

The same lamebrain members of Congress who were all too happy to castigate every participant in the financial crisis don't have the energy to deal with solutions to help prevent the next one.

Wall Street: Long Arrogance, Short Humility

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

Humility won't eradicate years of arrogance, but along with some much needed regulatory reform, it would go a long way to help all of us move beyond this painful period.