Paul Volcker News

Paul Volcker News From AOL News

Financial Reform Bill Signed into Law: 5 Key Changes Outlined

(July 21) -- President Barack Obama signed the sweeping financial reform bill into law today, just six days after it passed the Senate. The Dodd-Frank Wall Street Reform and Consumer Protection Act is meant to protect consumers, add transparency to the financial markets, and restructure government power so that companies...

What's in the Financial Reform Bill? The 5 Key Changes

(July 15) -- The financial reform bill (what's the financial reform bill, you ask?) was passed in the Senate today and will head to President Barack Obama's desk next. The bill has split the country -- or that part of the country paying attention -- along party lines: Democrats say Wall Street needs to be reined in to...

House Votes in Favor of Financial Overhaul Bill; Senate Stalls

Today the House of Representatives voted 237-192 (largely along party lines) in favor of the most comprehensive financial reform legislation in generations: the Restoring American Financial Stability Act of 2010. While an enormous forward step for the bill's backers -- including Rep. Barney Frank, D-Mass., Sen. Chris...

Paul Volcker News From AOL

THE HUFFINGTON POST - BUSINESS

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

Apparently not every banker hates the Volcker rule.

THE HUFFINGTON POST - BUSINESS

Bill Moyers: Paul Volcker on the Volcker Rule

According to Bloomberg News , the financial industry's success "demonstrates that four years after Wall Street helped cause the worst economic downturn since the Great Depression and prompted a $700 billion taxpayer bailout, its lobby is regaining its power to blunt or deflect efforts to rein in the banks."

AOL HEALTHY LIVING

The Best Congress the Banks' Money Can Buy

Another round of the game we call Congressional Creep.

THE HUFFINGTON POST - BUSINESS

It Pays To Oppose The Volcker Rule

Why haven't more lawmakers insisted on strict financial regulation?

AOL MONEY & FINANCE

Economists see higher taxes as way to cut deficit

NEW YORK -Economists say a combination of higher taxes and lower spending is the best way to reduce the federal budget deficit.

Paul Volcker News From the Web

05/24/12 Rep. Brad Miller: If We Can't Understand Them, We... Source: Mortgage News Daily I've skimmed some informed discussions at economics blogs about how JPMorgan Chase (JPMC) lost $2 billion and counting on their "synthetic credit portfolio."
05/24/12 Banks' anti-regulation lobbying efforts backfire Source: The Bulletin - Bend OR MF Global Holdings argued in a December 2010 letter to regulators that futures brokers didn't need tighter restrictions on how they invest client funds.
05/23/12 JPMorgan Joins MF Global in Lobbying Wins That Backfire Source: SafeHaven MF Global Holdings Ltd. argued in a December 2010 letter to regulators that futures brokers didn't need tighter restrictions on how they invest client funds.
05/23/12 JPMorgan: The Bank That Kicked the Regulatory Hornets'... Source: InvestorPlace Financial reform, with the enactment of Dodd-Frank and the creation of the Consumer Protection Financial Bureau, hasn't been the death by a thousand cuts that banks said it would be â but it has added uncertainty and taken bites out of their revenues.
05/23/12 Morning Scan: JPM Loss Hurts Hopes to Curb Volcker Rule Source: American Banker Fans of slow-motion car wrecks will take a certain pleasure in the sting of nasty news that seems to be pulling JPMorgan Chase (JPM) inexorably closer to calamity â political, if not economic.

Background on Paul Volcker

Paul Adolph Volcker, Jr. (born September 5, 1927) is an American economist. He was the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States in the 1970s and early 1980s.

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