Thursday, May 09, 2013
Earlier this week the House Financial Services Committee approved several pieces of legislation which alter the portion of the Dodd-Frank financial reform law that deals with derivatives. Jeff Connaughton, a former investment banker, lobbyist, White House lawyer and Senate aide, talks about the state of Wall Street regulation. He's the author of The Payoff: Why Wall Street Always Wins.
Tuesday, November 27, 2012
By Annmarie Fertoli : Associate Producer at WNYC
A change at the top of the Securities and Exchange Commission could mean new changes for the financial industry.
Tuesday, October 02, 2012
30 Issues in 30 Days is our election year series on the important issues facing the country this election year. Today: A look at the current state of the financial sector, including big banks, borrowers and lenders and the housing market. Visit the 30 Issue home page for all the conversations.
Wednesday, June 27, 2012
Nine of America’s biggest banks are being asked to submit plans for how they could be dismantled by the government if the bank was near default. Will these "living wills" improve regulation and bank functioning?
Wednesday, May 16, 2012
By Justin Krebs : IAFC Blogger
They are still foreclosing on homeowners and resisting write-downs, still raising banking fees, still lobbying against reforms. And one can bet they are on track for big bonuses.
Monday, May 14, 2012
The fallout from JPMorgan’s incredible $2 billion trading loss is officially underway: three-high ranking officials are set to resign and damage control is in full-effect. Michael Greenberger, financial law professor at the University of Maryland School of Law and former regulator at the Commodity Futures Trading Commission discusses how the banking giant could have avoided this historic trading blunder and what banking reforms loom on the horizon.
Thursday, December 08, 2011
Takeaway Washington correspondent Todd Zwillich looks at two major stories playing out inside the halls of Congress this week. The White House is attempting to push recalcitrant Senate Republicans to confirm former Ohio Attorney General Richard Cordray as director of the Consumer Financial Protection Bureau. Forty-five Senate Republicans signed a letter in May vowing to block any nominee unless Congress was given more oversight of the bureau. Zwillich also spent time on Capitol hill talking to lawmakers about GOP frontrunner Newt Gingrich.
Wednesday, November 30, 2011
Bloomberg News reports what the Federal Reserve wouldn't: that the United States' central bank committed $7.77 trillion to bailing out the financial industry in the wake of the 2008 crisis, netting banks $13 billion in profits in the process.
The Fed's bailout package was more than ten times ...
Tuesday, August 30, 2011
By Anna Sale
Banks Abandon Obama: America’s six largest banks have dramatically changed allegiances since the 2008 presidential money race, and GOP candidate Mitt Romney is reaping the spoils. Recent campaign finance reports “offer a vivid illustration of how the president's first 30 months in office have fractured what was once a warm relationship with the largest American banks,” reports American Banker, a daily financial industry newspaper. "You could sum it all up in a hyphenated word: Dodd-Frank," University of Virginia political scientist Larry Sabato tells the paper.
Wednesday, July 20, 2011
By Alec Hamilton : Assistant Producer, WNYC News
This Week's Agenda: Dodd-Frank Anniversary, Consumer Financial Protection Bureau Launches, and Gay Marriage in New York
Monday, July 18, 2011
This week marks the one-year anniversary of President Obama signing the Dodd-Frank Wall Street Reform Bill into law. A key component of that bill was the establishment of a Consumer Financial Protection Bureau (CFPB), which will open its doors on Thursday. Yesterday, Obama announced Elizabeth Warren — the progressive icon who was charged with setting up the CFPB — will not be heading the new agency. In other news, the first legal same-sex marriages will take place in New York next weekend, and the nation's biggest banks will release their latest quarterly earnings statements.
Monday, June 20, 2011
— Deborah Solomon, financial policy writer for The Wall Street Journal, on The Brian Lehrer Show.