Senate Banking Committee

JPMorgan Loss, Facebook IPO Debacle Combine To Erode Confidence In Wall St.

AP | PALLAVI GOGOI | Posted 05.24.2012

NEW YORK (AP) — Wall Street appears bent on convincing Main Street that the game is rigged. Investor anger is mounting over the initi...

Senate Panel Reviewing Facebook IPO

AP | MARCY GORDON | Posted 05.23.2012

WASHINGTON — Two congressional panels are reviewing Facebook's high-profile stock offering last week amid allegations that the bank handling the...

JPMorgan Being Investigated Over 'Completeness' Of Bank's Financial Reporting

AP | MARCY GORDON | Posted 05.22.2012

WASHINGTON — Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering...

Debate Over New Rules Heats Up In Wake Of JPMorgan Loss

AP | MARCY GORDON | Posted 05.22.2012

WASHINGTON (AP) — Federal regulators and lawmakers are renewing the focus on financial regulation in the wake of a multibillion-dollar trading loss ...

Obama's CFPB Nominee Clears First Hurdle

AP | Posted 12.06.2011

WASHINGTON -- The Democratic-run Senate Banking Committee has approved President Barack Obama's choice to head the new Consumer Financial Protection B...

Tim Geithner: Euro Crisis Could Cause Significant Damage To U.S. Economy

AP | MARTIN CRUTSINGER | Posted 12.06.2011

WASHINGTON — The Obama administration is urging European leaders to deal more forcefully with a debt crisis that could significantly damage the ...

Why Buffett's 'Shared Sacrifice' Should Only Be The Start

Bloomberg | Jonathan Weil | Posted 10.25.2011

Whenever the leadership class feels nervous, you can count on some of them to offer the less-moneyed masses a bone to demonstrate they care. Warren Bu...

Tim Geithner: President Should Veto Any Legislation Weakening Financial Reform

Wall Street Journal | Timothy Geithner | Posted 09.19.2011

In June 2009, the administration submitted to Congress a proposal that would fundamentally reshape the financial system. It was designed to lay a stro...

Two Top Contenders Emerge To Head Consumer Protection Agency

Reuters | Posted 06.05.2011

April 6, 2011 1:39:49 AM WASHINGTON (Reuters) - The White House is considering Federal Reserve Governor Sarah Raskin and former Michigan Gov. J...

Megabank Myths

The New York Times | SIMON JOHNSON | Posted 05.31.2011

Back when it really mattered -- last spring, during the debate over the Dodd-Frank financial regulation -- Senator Ted Kaufman, Democrat of Delaware, ...

Zach Carter

Senators Back Delay In Crackdown On Fees That Yield Billions For Banks

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...

Tim Geithner: All Parties Will Benefit From A Quick Mortgage Settlement

Reuters | Dave Clarke and David Lawder | Posted 05.25.2011

WASHINGTON (Reuters) - A comprehensive settlement between U.S. authorities and banks over alleged abuses of mortgage servicing needs to be reached...

Bernanke: Don't Sweat The Oil Stuff

Reuters | Pedro Nicolaci da Costa and Mark Felsenthal | Posted 05.25.2011

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday the surge in oil prices is unlikely to hurt the U.S. economy unless it ...

Bernanke: Regulators Can Handle 'Too Big To Fail' Banks

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Fed chairman Ben Bernanke said on Thursday that regulators could now handle the collapse of a "too big to fail" bank. The next day, presenting a new r...

Nobel Prize-Winning Economist Sees Fed Nomination Fizzle

Posted 05.25.2011

WASHINGTON: The nomination of Nobel prize-winning economist Peter Diamond to the Federal Reserve's Board was scuttled on Wednesday when the Senate fa...

William Alden

Bernanke Calls On Congress To Help The Economy -- For At Least The Fourth Time In Five Months

HuffingtonPost.com | William Alden | Posted 05.25.2011

NEW YORK -- For at least the fourth time since June, Federal Reserve Chairman Ben Bernanke publicly urged Congress to combat the lackluster recovery b...

Top GOP Leader Wants To Trim Back New Consumer Agency, Reforms

Reuters | Dave Clarke and Rachelle Younglai | Posted 05.25.2011

WASHINGTON (Reuters) -- Republicans will reopen the broad Wall Street reform law and overhaul the newly created consumer protection bureau if they reg...

SEC: We've Toughened Enforcement Efforts After Madoff Scandal

AP | MARCY GORDON | Posted 05.25.2011

WASHINGTON — Senators pressed the Securities and Exchange Commission's chief enforcement official Wednesday to explain why the agency has yet to...

Fiscal Times Questions Elizabeth Warren's Candidacy

Huffington Post | Sara Yin | Posted 05.25.2011

The Fiscal Times, an online newspaper funded by Blackstone co-founder and former Council of Foreign Relations chair Peter Peterson, has published two ...

Shahien Nasiripour

Chris Dodd, Top Democrat, Fights Against Elizabeth Warren

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

This story was updated at 4:23 p.m., 5:15 p.m. and 6:30 p.m. ET. Despite the outpouring of support for bailout watchdog Elizabeth Warren's candidac...

Yellen: Job Creation Is A `High Priority'

AP | JEANNINE AVERSA | Posted 05.25.2011

WASHINGTON — Janet Yellen, the president's pick to be the second-highest ranking official at the Federal Reserve, acknowledged Thursday that reg...

Banks Must Be Barred from Dealing Derivatives: It's NOT a Normal Part of the Business of Banking

SAFER | Posted 05.25.2011

SAFER

Jane D'Arista and Gerald Epstein Political Economy Research Institute (PERI), University of Massachusetts, Amherst and Coordinators of SAFER The furo...

The Financial Crisis: We Know Enough; Now Let's Do Enough

SAFER | Posted 05.25.2011

SAFER

William Black, University of Missouri, Kansas City James Crotty, Department of Economics, University of Massachusetts, Amherst Jane D'Arista, SAFER & ...

Financial Reform Debate Turns To Bill's Details

AP | DAVID ESPO | Posted 05.25.2011

WASHINGTON — Days of high-decibel partisanship yielded to slightly more subdued accusations as the Senate lurched into action Thursday on legisl...

Ending Interconnectedness: It's Already in the Bill

SAFER | Posted 05.25.2011

SAFER

Jane D'Arista University of Massachusetts, Amherst, SAFER www.peri.umass.edu/safer On the eve of the proposed debate on the Restoring Financial Stab...