President Obama will speak today and present yet another argument for more regulation in the markets: President Barack Obama will say today that the U.S. risks dooming itself to a repeat of the economic crisis unless tougher financial industry regulations are enacted by Congress. The U.S. was almost dragged into a second Great Depression by [...]
Entries Tagged as 'regulatin'
Dodd Bill To Dimon: GTFO Of FRBNY! (Maybe.)
March 16th, 2010 · 3 Comments · regulatin
The FT would have us believe that the Dodd bill might actually oust some of the foxes from the henhouse. Salon dissects: Pack up your bags, Jamie Dimon. The CEO of JPMorgan Chase currently serves as a Class A director of the Federal Reserve Bank of New York, which is awfully convenient, considering that the [...]
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Dodd And Bernanke Need To Get A Room
March 15th, 2010 · 6 Comments · all ur bankz, bernanke, regulatin
All eyes are upon the impressively-bouffanted Chris Dodd, as the lame-duck Senator unfurls his version of financial reform today. Dodd, who has in the past said such unflattering things about the Fed as “abysmal failure” and “smells like cheese,” is seeking to make amends with a belated Valentine’s Day present that rewards past absymal failure [...]
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Regulatin Ur Prop Trading, Or Not
February 24th, 2010 · 2 Comments · regulatin
Here’s your sporadic update on where we stand when it comes to regulating prop trading. We all know it isn’t going to go anywhere, but Obama is still talking big about turning the vampire squid into calamari, Volcker style: The Obama administration said on Tuesday it is still committed to the “Volcker rule” to ban [...]
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The Best Man For The Job
February 18th, 2010 · 1 Comment · fail, regulatin, Timmay
…is never, ever Timmay. The US Senate, moving at its usual lightning pace, has almost sort-of agreed in principle to an outline of a plan to form a committee to explore the possibility of creating a council that may or may not identify systemic risks to the nation’s financial system. This is what passes for [...]
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