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16 Nov 2011, 2:46 pm
Peter Welch (D-VT), and signed by 15 other House members, contends that the Federal Reserve's draft regulations to implement the rule fall short of the intent of Dodd-Frank.In the view of the House Democrats, the draft Volcker regulations are unnecessarily complex and include several large loopholes that undermine the congressional intent to protect banking deposits from risky trading activities. [read post]
16 Nov 2011, 12:21 pm
I thank the Congressional Progressive Caucus for holding this hearing. [read post]
16 Nov 2011, 7:37 am
Thus far, 11 banks have been put under investigation including Credit Suisse, HSBC Holdings and various other regional banks. [read post]
16 Nov 2011, 5:22 am
WSJ A tentative agreement on terrorism detainees: The move by Senate leaders could end a five-month political deadlock and move a stalled defense-spending blueprint toward congressional approval. [read post]
15 Nov 2011, 4:27 pm
By Richard (RJ) Eskow, cross-posted from Campaign for America's Future Two new reports suggest that the President and Congressional Democrats are about to betray everything Democrats once stood for. [read post]
15 Nov 2011, 12:00 am
She represents the interests of domestic and foreign primary and excess insurers in connection with a variety of shareholder claims and class actions against directors and officers, financial institutions, investment banks, insurance companies, and ERISA plan fiduciarieues. [read post]
14 Nov 2011, 9:06 am
Pecora also revealed to the American people that National City Bank, the largest issuer of securities in the world at that time, had dished off thousands of bad loans to unsuspecting investors in Latin America and elsewhere by packaging them into opaque and complex securities. [read post]
12 Nov 2011, 12:15 pm
Thus, the view of the banking industry is that banks, already subject to extensive regulation, are wholly outside the ambit of Section 975.There have been congressional concerns over the scope of Section 975, while he supports efforts to police this segment of the municipal market, Financial Services Committee Chair Spencer Bachus (R-AL) has said that Section 975 and the SEC proposed regulations implementing the statute, are overly broad and would require appointed,… [read post]
12 Nov 2011, 2:47 am
But the bank wouldn’t bite: the loan officer responded by asking, “Ma’am, don’t you know there’s a tragedy over there? [read post]
11 Nov 2011, 7:21 am
In 2002, he testified before Congressional committees about the conflicts of interest on Wall Street, and took his message to the media, but nothing changed. [read post]
11 Nov 2011, 3:19 am
BAILOUT Fed up with corrupt “bail-out” banks trying to foreclose on them, five Chicagoans drive to Vegas with stacks of cash withheld from bailed out banks—to give themselves a long-overdue bailout of their own! [read post]
10 Nov 2011, 8:04 am
Keith Ellison (D-MN), Co-Chair of the Congressional Progressive Caucus, made a video for the "CongressionalYoutube Town Hall" series, talking about the Occupy Wall Street movement. [read post]
9 Nov 2011, 8:40 pm
Look at the Congressional Oversight Panels' original reports of HAMP. [read post]
9 Nov 2011, 10:39 am
We've seen Senator Bernie Sanders challenge the big banks. [read post]
8 Nov 2011, 12:17 pm
A simple solution which of course would not need the congressional approval (as they have the tendency to mess up everything) would be to encourage banks to refinance the mortgage of everyone regardless of the appraisal or the FICO score. [read post]
7 Nov 2011, 10:17 am
Congressional hearings and proposals to repeal the Volcker Rule can be expected. [read post]
7 Nov 2011, 5:22 am
So barring something completely unforeseen - like an actual, Congressional repeal of the relevant provision in 2013 - Texas will soon have the option to sign up prisoners for Medicaid to pay for their hospital coverage. [read post]
6 Nov 2011, 6:54 am
To further increase Tehran’s level of financial pain, a great number of congressional and advocacy groups have repeatedly called on the White House to blacklist the Central Bank of Iran (CBI). [read post]
5 Nov 2011, 9:56 am
As in the United States, deficit-creating behavior primarily served the wealthy, the powerful, and the banks. [read post]
5 Nov 2011, 9:56 am
As in the United States, deficit-creating behavior primarily served the wealthy, the powerful, and the banks. [read post]
