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financial reform News

financial reform News From AOL News

Lawmakers Could Face Probe on Wall Street Votes

Sep 1st 2010 – 11:51AM
Getty Images / AP

Getty Images / AP

(Sept. 1) -- Two Republican lawmakers and one Democrat could face a House ethics investigation over complaints about fundraising events they held in close proximity to votes on a Wall Street financial reform bill last year. The independent Office of Congressional Ethics found enough evidence of wrongdoing in the cases of...

Financial Reform Bill Signed into Law: 5 Key Changes Outlined

By Dana ChivvisJul 21st 2010 – 3:34PM

(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...

Is Tim Geithner Going to Block Elizabeth Warren From Leading New Consumer Protection Agency?

By Paul WachterJul 16th 2010 – 8:51AM

(July 16) -- Treasury Secretary Tim Geithner doesn't like Elizabeth Warren. In her capacity as chairwoman of the Congressional Oversight Panel monitoring the U.S. banking bailout, she has interrogated Geithner before Congress (and the American public), and those interrogations have not reflected favorably on him. A typical...

Opinion: Will Financial Reform Work? It Depends

Jul 16th 2010 – 6:35AM
Robyn Beck, AFP / Getty Images

Robyn Beck, AFP / Getty Images

(July 16) -- In speaking about the financial regulation bill he will soon sign, President Barack Obama said that the bill "will prevent a financial crisis like this from happening again." This is oversimplified -- there is no way to prevent every crisis and this bill doesn't come close. In leaving Fannie Mae and Freddie...

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

By Dana ChivvisJul 15th 2010 – 4:56PM

(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...

financial reform News From AOL

THE HUFFINGTON POST - BUSINESS

Co-Author Of Financial Reform Legislation Says JPMorgan Loss Was 'A Big Deal'

May 31st 2012 - 03:17PM

Former U.S. Senator Christopher Dodd said the shocking disclosure by JPMorgan Chase & Co of a $2 billion trading loss is proof of the need for legislation he co-authored to limit excessive risk-taking by banks.

THE HUFFINGTON POST - BUSINESS

Miles Mogulescu: Wall Street to Obama: Thanks for Saving Our Jobs and Bonuses, Now F*** Off

May 18th 2012 - 03:23PM

Now that President Obama's views on gay marriage have "evolved," it's time for his views on Wall Street to likewise "evolve" and for Obama to forcefully campaign to break the stranglehold of Too Big To Fail banks on the economy.

THE HUFFINGTON POST - BUSINESS

Robert Reich: The Dog That Didn't Bark: Obama on JPMorgan

May 16th 2012 - 02:38PM

The dog that didn't bark this week, let alone bite, was the president's response to JP Morgan Chase's bombshell admission of losing more than $2 billion in risky derivative trades that should never have been made.

THE HUFFINGTON POST - BUSINESS

WATCH: The Jamie-Dimon-Hates-Regulation Mashup

May 15th 2012 - 07:20PM

As one of the only banks that remained profitable during the financial crisis of 2008, JPMorgan was considered by many to be the sturdiest bank in the world.

THE HUFFINGTON POST - BUSINESS

Obama's Quandry: Bashing Blundering Banks While Courting Wall Street Cash

May 15th 2012 - 06:24PM

President Barack Obama's response to JPMorgan Chase's spectacular trading failure underscores a persistent tension in his presidency -- the need to win favor from a public still angry with Wall Street's risk renegades, while courting those same, ever-so-sensitive financiers for campaign cash.

financial reform News From the Web

  • 06/03/12 Conservatives for Smaller Banks? Source: The Washington Monthly James Pethokoukis has an extensive article in the Weekly Standard arguing for a conservative approach to financial reform that both rejects Dodd-Frank and calls for a massive overhaul of the banking industry.
  • 06/03/12 Letter: Wary of a businessman in the White House Source: The St. Augustine Record - St. Augustine FL I think the last one was Herbert Hoover whose skillful handling of the economy resulted in the Great Depression.
  • 06/01/12 Greenspan on Europe's Woes & Fiscal Stimulus Source: CNBC Video Alan Greenspan, former Federal Reserve chairman, says a political consolidation is the only way to keep the euro together, and discusses the fear of a European contagion spreading, and Spain's banking uncertainty.
  • 05/31/12 John Taylor: Rules for America's Road to Recovery Source: The Wall Street Journal America's economic future is increasingly uncertain.
  • 05/31/12 Co-Author Of Financial Reform Legislation Says... Source: The Huffington Post - Business Former U.S. Senator Christopher Dodd said the shocking disclosure by JPMorgan Chase & Co of a $2 billion trading loss is proof of the need for legislation he co-authored to limit excessive risk-taking by banks.

Background on financial reform

The Financial Reform Division was formerly a part of the Department of Treasury and Finance, a department of the Victorian Government.

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