Tag: financial reform
Financial reform in peril: With regulatory law passed, many obstacles remain
Soon after Rep. Brad Miller (D-N.C.) came to Washington in 2002, a fellow member of the House Financial Services Committee told him to pick an arcane financial issue — any issue — and to make it his pet topic. Miller chose mortgage finance. He knew little about it. Banking lobbyists peppered him with data, but he had difficulty getting much information from independent sources.
Senate Republicans coming on board to regulate Wall Street
Talking Points Memo reports that Sen. Richard Shelby (R-Ala.), the ranking member of the Senate Banking Committee, says Republicans are close to supporting Sen....
Greenspan to Crisis Commission: Finance too complicated to regulate
In some sense, the Financial Crisis Inquiry Commission is a lame duck. Headed by Phil Angelides and created in May 2009, the FCIC is...
Obama misses mark, scolds heedless bankers instead of New Dems
President Obama’s attempt to shame top bankers on Monday convinced no serious observers that lending will suddenly flow freely and financial institutions will quit...
Band of Dems blasts Geithner plan
WASHINGTON-- Appearing before a House panel on Thursday, Treasury Secretary Tim Geithner made his best pitch for legislation granting the White House broad new powers to seize Wall Street firms when their collapse might torpedo others in the industry. It didn’t go so well.