I know that a number of consumer groups and unions are coming forward to support the financial reform bill that came out of conference committee on Friday. Among those singing the praises of the bill is Elizabeth Warren, the woman who heads the congressional panel overseeing the government’s bailout of American banks, whom I quote […]
Tag Archives: Bob Rubin
Financial reform bill emerges from committee, but is it any good?
Posted in Economics, Rants Also tagged auto dealers, banking reform, Commodities and Futures Modernization Act, Consumer Financial Protection Bureau, Dylan Ratigan, Elizabeth Warren, everage exemption, financial reform, Glass-Steagall Act, Hank Paulson, investment banks, Larry Summers, mark to myth, National Automobile Dealers Association, Obama, SEC, too big to fail, Wall Street, Wall Street bailouts, Wall Street bonuses 2 Comments
Brooksley Born vs. Alan Greenspan
Frontline looks good tonight. The episode, entitled The Warning, is about Brooksley Born, a woman who, in her capacity as chairperson of the federal Commodities Futures Trading Commission, apparently fought a long, hard battle against Alan Greenspan and the men of Wall Street to better regulate derivative trading. She, of course, lost. And, as you […]