The House and Senate have reached "conceptual agreement" on strengthening what's known as the Volcker Rule in the Wall Street reform bill, House Finan...
Reuters) - There is a good chance that a sweeping U.S. financial reform bill will be passed in a "reasonable form," White House economic adviser Paul ...
The official reconciliation process between Senate and House financial-regulation bills will begin next week, but the behind-the-scenes maneuvering an...
A representative for a foreign bankers group forcefully prevented the press -- and physically restrained a Huffington Post reporter -- from attempting...
Paul Volcker expresses himself in the measured language of a distinguished technocrat. But he is very worried about our current financial structure and where it is heading.
WASHINGTON (AFP) -- Failing US financial institutions must face the credible threat of government closure if reforms are to succeed, a key adviser to ...
If after all the fanfare, photo ops, and promises to fight, the Obama administration shamefully doesn't manage to get the Volcker rules into an already weak financial reform bill, I hope Volcker doesn't wait until the next life to speak out.
It was a pleasure to see President Obama exercise some leadership and muscle towards health reform. Now, we need to see a similar display of presidential leadership on financial reform.
The U.S. financial system is tilted in favor of the biggest banks, compromising the "very foundation of the economic system" and putting the nation at...
As you may just have heard the devil is in the details. Or, in the case of the latest push to reform Wall Street, the devil is in whether or not the d...
We certainly have a lot of ground to cover this week, so let's dig right in.
I'd like to start with a declaration, though: Bristol Palin is now fair g...
The Senate's passage Thursday night of extensive financial reform is being portrayed as a big loss for the financial sector. "No End to Banks' Capitol...
Thursday night's passage of Wall Street reform is an event to be celebrated, but several key issues remain in play as the House and Senate iron out differences between their respective versions of the legislation.
Clearing up any confusion about where he stands, White House economic adviser Paul Volcker sent a simple note to Sens. Carl Levin (D-Mich.) and Jeff M...
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.
Some version of Wall Street reform is going to pass the Senate this week, but before it does, there are still three crucial battles to be waged, all of which would significantly change the way Wall Street does business.
Devotees of former Fed Chairman Paul Volcker may less than thrilled by the bill unveiled by Sen. Chris Dodd (D-Conn.)
Citigroup, for its part, doesn...
Blanche Lincoln wants to force the banks to put their derivatives into separate entities that aren't subsidized by you and me. This is just common sense. But it's the biggest battle in financial reform right now.
Instead of having politicians do their horsetrading in private and leaving the public vote until the end, let's have a public show of hands on the vital economic issues of our time.
The most important fight from here on out is protecting the surviving elements of the derivatives bill crafted by Sen. Blanche Lincoln. Lincoln's bill would force big banks who deal derivatives to spin off those operations into separate companies.
UPDATE : May 10, 2010 -- Senators Carl Levin (D-Mich.) and Jeff Merkley (D-Ore.) will offer their bill to restrict the trading activities of big banks...
Ten years before this latest crisis, the U.S. government engineered the bailout of a financial firm that had borrowed billions of dollars to make big ...