Volcker

Ex-Wall Street Banker: Volcker Rule Will Correct A Dangerous Mistake

The Huffington Post | Alexander Eichler | Posted 04.18.2012

Read More: Investment Banks, Video, Proprietary Trading, Dodd-Frank, Commercial Banks, Occupy Wall Street, John Reed, Roger Vasey, Volcker Rule, Paul Volcker, Financial Regulation, Glass-Steagall, Volcker, Business News

Apparently not every banker hates the Volcker rule. Roger Vasey, who used to be in charge of global debt markets at Merrill Lynch, penned a pro-Vol...

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Volcker Rule Deadline Likely Blown

The Huffington Post | Alexander Eichler | Posted 03.01.2012

Read More: Proprietary Trading, Dodd-Frank, Hedge Funds, Financial Reform, Private Equity Firms, Occupy the SEC, Volcker Rule Deadline, Federal Reserve, Ben Bernanke, Prop Trading, Volcker Rule, Paul Volcker, Financial Regulation, Volcker, Video, Business News

Here's news that will surprise no one who's been watching the tortured fights over the Volcker Rule: The controversial financial regulation is not lik...

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Simplify Banks and Bank Regulation

Robert Kuttner | Posted 12.16.2011

Read More: Volcker Rule, Regulation, Paul Volcker, Glass-Steagal Act, Financial Deregulation, Volcker, Glass-Steagall, Financial Regulation, Business News

Let's face it: There will never be enough regulations and regulators to police all of the gray areas in a system this complicated. The best remedy is drastic simplification.

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Former Lawmaker Decries Corporate Control Of Government

HuffingtonPost.com | Zach Carter | Posted 10.24.2011

Read More: Geithner, Dodd-Frank, Economy, Too Big to Fail, Bank of America, Jobs, Bofa, Politics, Tbtf, Wall Street, Treasury, Banks, Kanjorski, Capital, Volcker, Politics News

WASHINGTON -- Lawmakers rarely speak candidly about the relationship between large corporations and government, avoiding the ugly realities surroundin...

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Immelt Appointment Has Labor Worried, But Mostly Quiet

HuffingtonPost.com | Sam Stein | Posted 05.25.2011

Read More: Outsourcing Ge, Obama Unions, Economic Advisory, Outsourcing Obama, Immelt Obama, Immelt Appointment, Jeff Immelt, Volcker, Politics News

WASHINGTON -- Friday's announcement that General Electric Chairman and CEO Jeffrey Immelt will serve as chair of the President's Council on Jobs and C...

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GE CEO To Replace Volcker On Obama's Economic Team

The Huffington Post | Lila Shapiro | Posted 05.25.2011

Read More: Jeffrey Immelt Barack Obama, Council on Jobs and Competitiveness, Obama, Volcker Rule, Paul Volcker, GE Immelt, Jeffrey Immelt, Volcker, Business News

Early Friday morning, Obama announced a significant shift for the White House economic team: the war against Wall Street greed has lost a major player...

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Obama Losing Key Economic Adviser

Reuters | Caren Bohan | Posted 05.25.2011

Read More: Video, Economic Recovery Advisory Board, Volcker Obama, Volcker Stepping Down, Obama Losing Volcker, Paul Volcker, Volcker, Business News

WASHINGTON (Reuters) - President Barack Obama announced on Thursday that former Federal Reserve Chairman Paul Volcker was stepping down from his rol...

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Volcker Says U.S. Economic and Political Influence Globally Is Waning

Robert Lenzner | Posted 05.25.2011

Read More: India, Japan, Europe, China, Dollar, Volcker, Common Cause Dinner, U.s. Dollar Devaluation, U.S. Dollar, Paul Volcker, Business News

Last night at a Common Cause dinner in New York, Paul Volcker singled out the danger facing the U.S. if the dollar no longer retains its role as a global benchmark.

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Robert Reich Predicts A 'Revolt Against Wealthy'

Bloomberg | James Pressley | Posted 05.25.2011

Read More: Robert B. Reich Aftershock, Laura Tyston, Robert Reich, Economics, Bank of America, Wages, Economy, Ronald Reagan, President Obama, Obama Administration, Reich Aftershock, Obama, Obama Economy, Robert Reich Aftershock, Recession, Clinton Administration, US Economy, u.s. Economy Problems, Obama Economics, Robert J. Samuelson, Barack Obama, Economic Recession, Recession Fears, Bill Clinton, Economic Recovery, Paul Volcker, U.S. Economy, Volcker, Books News

The bargain broke down when middle-class America buckled under global competition and labor-replacing technology. Reich blames what happened next on t...

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Paul Volcker Said To Be Disappointed With The Final Version Of His Rule

bloomberg.com | Yalman Onaran | Posted 05.25.2011

Read More: Proprietary Trading, Hedge Funds, Financial Reform, Banks, Private Equity, Paul Volcker, Volcker Rule, Financial Regulation, Volcker, Business News

June 30 (Bloomberg) -- Paul Volcker is disappointed with the final version of the rule that bears his name. As first envisioned, the Volcker rule w...

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Weak Financial Regulation Is Further Defanged

Jeff Madrick | Posted 05.25.2011

Read More: Proprietary Trading, Wall Street, Volcker Rule, Financial Reform, Reregulation, Hedge Funds, Finreg, New York Times, Dodd, Volcker, Politics News

A significant story on the front page of today's New York Times explains just how easy it will probably be for the financial community to flaunt new regulation. High risk on Wall Street will go on.

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Make Congress Live Up To Obama's Reforms

Zach Carter | Posted 05.25.2011

Read More: Foreclosures, Cooper Union, Wall Street Reform, Cfpa, Financial Reform, Volcker Rule, Dodd, Obama, Subprime, Bank Bailout, Wall Street Bailout, Volcker, Financial Crisis, Business News

President Barack Obama identified five major problems on Wall Street in his speech at Cooper Union today. Unfortunately, the solutions he has proposed...

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Financial Debate Renews Scrutiny On Size Of Banks

New York Times | Posted 05.25.2011

Read More: Fed, Bank Reform, Kaufman, Wall Street Crisis, Financial Reform, Too Big to Fail, Economic Crisis, Treasury, Bank Size, Megabanks, Volcker, Financial Crisis, Business News

As the debate over the regulatory overhaul heated up this week, a populist minority in both Congress and the Fed requested a revisit to the size issue...

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A Big VAT Lie

Chris Weigant | Posted 05.25.2011

Read More: President Obama, Deficit Reduction, Obama, Mccain, Democratic, Flat Tax, Paul Volcker, Republican, Reagan, Pelosi, Vat Tax, Grassley, Tax Cut, Nancy Pelosi, Tax Hike, Sales Tax, Vat, Big VAT Lie, John McCain, Tobacco Tax, Tax Increase, Big Lie, Progressive Tax, Democrat, Congress, Nafta, Democrats, Volcker, Commission, Barack Obama, Income Tax, Progressive, Tax, Chris Weigant, Value-Added-Tax, Chuck Grassley, Regressive, Regressive Tax, Senate, Reaganite, Politics News

I speak of the "value-added tax," or "VAT." Republicans are horrified that President Obama has a secret plan to pass this tax, and are shouting from the rooftops (of the nearest Fox News building).

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Volcker: Consider Higher Taxes To Tame Deficit

Reuters | Posted 05.25.2011

Read More: Vat, Volcker VAT, Volcker Value Added Tax, Federal Budget Deficit, Taxes, Value Added Tax, Volcker Taxes, Volcker Deficit, Volcker, Paul Volcker, Deficit, Business News

The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White ...

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Chris Dodd, Phil Gramm, and the Legacy of a Statesman

Zach Carter | Posted 05.25.2011

In the past 24 hours, Dodd appears to have been going to bat for Wall Street, not out of concern for any greater political good, but exclusively for the purpose of padding the profits of big banks.

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Could A Solution for Healthcare Reform Be This Simple? Makes Sense Without Costing Too Many

Jill Brooke | Posted 05.25.2011

Read More: Health Care, Volcker, Health Care Reform, Health Insurance, Obama Health Care, Barack Obama, Politics News

To solve the healthcare crisis, use the same logic that created seatbelt legislation. The government made a law that automakers must have seatbelts but never said it was going to start running the car companies.

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Volcker Rules Opposed by Wall Street and Republicans

The Baseline Scenario | Posted 05.25.2011

Read More: Goldman Sachs, Gerry Corrigan, Gerald Corrigan, Simon Johnson, Volcker, Paul Volcker, Volcker Rule, Business News

I testified yesterday to the Senate Banking Committee hearing on the "Volcker Rules" (full pdf version; summary). My view is that while the principle...

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Obama Poll Watch -- January, 2010

Chris Weigant | Posted 02.03.2010

Read More: Polls, Obama Polls, Populism, Special Election, President Obama, Monthly Polls, Obamapollwatch, Trendline, Reform, Poll, Obama, Plouffe, Disapproval, Charts, Bush, Richard Milhouse Nixon, Approval Ratings, 2010, Ma, Polling, Richard Nixon, Data, Tricky Dick, Johnson, Opinion Polls, Health Care, Obama Approval, Obama Poll Watch, January, Graph, Trend, Daily Polls, Chart, Richard M Nixon, Democrat, Massachusetts, Undecided, Approval Rating, Democrats, Volcker, Ted Kennedy, Barack Obama, Job Approval, Realclearpolitics, Obama Poll Numbers, Opinion Poll, Chris Weigant, Gallup, Poll of Polls, Sotu, Health Care Reform, State of the Union, Graphs, George W Bush, Lbj, Watergate, Lyndon Johnson, Nixon, Healthcare Reform, Senate, Healthcare, Pollster, Politics News

After taking a look at Obama's numbers for the month, we continue our march backwards through history, this month serving up a comparison between Obama and Richard Nixon's term-and-a-half.

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Obama's Bank Reforms Must Move Beyond Populism: Arthur Levitt

ft.com | Arthur Levitt | Posted 05.25.2011

Read More: Populism, Obama Bank Tax, Too Big to Fail, Obama Financial Reform, Volcker Rule, Barack Obama, Recession, Volcker, Fiscal Policy, Business News

So while the most recent ideas coming from the White House are controversial, they provide an opportunity to begin a meaningful discussion on how to a...

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Friday Talking Points [108] -- Obama's Pivotal Week

Chris Weigant | Posted 05.25.2011

Read More: Pivot, White House, Fine Print, Small Business, President Obama, Speech, Balls Beer, Main Street, Reform, Democratic, Obama, Paul Volcker, Big Banks, President, Friday Talking Points, Payroll Tax, Veto Threat, Bonus, Pivotal, Consumer Financial Protection Agency, Cfpa, Midotw, Most Disappointing Democrat of the Week, Most Impressive Democrat of the Week, Capital Gains, Health Care, Tarp, Taxes, Populism, Democrat, Massachusetts, Hedge Fund, Martha Coakley, Volcker, Democrats, Barack Obama, Income Tax, Small Business Administration, Payroll Tax Holiday, Credit Card Cap, Mddotw, Wall Street, Tax, Chris Weigant, Joe Bob Briggs, Coakley, Sotu, State of the Union, Banks, Veto, Sba, Populist, Consumer Protection, Mr Magoo, Senate, Healthcare, Politics News

Since Democrats are taking some time to figure out what to do next, we shall do the same here, and skip over the entire health care reform subject, after highlighting two hilarious commentaries on the situation.

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Shinseki and Volcker: Military Contracts and Banking

Jayne Lyn Stahl | Posted 05.25.2011

Read More: Obama Cabinet, Federal Reserve, Volcker, Eric Shinseki, Greenspan, Politics News

Make no mistake, this is not about questioning the integrity, judgment, or credentials of retired Army General Eric Shinseki. After all, it was Shinse...

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