On July 21, 2010, President Barack Obama signed the Dodd–Frank Wall Street Reform and Consumer Protection Act into law. The legislation, written by Congressman Barney Frank, and Chairman of the Senate Banking Committee Chris Dodd, promised to be the most comprehensive financial reform to be undertaken since the Great Depression. As with the Glass-Steagall Act, […]
Tag Archives: financial reform
Might NY’s Schneiderman probe lead to prosecutions on Wall Street?
I don’t know that I put much stock in it, but Matt Taibbi seems to think that we may actually see real prosecutions on Wall Street. Here’s a clip from his new piece for Rolling Stone on the newly launched investigation of Morgan Stanley, Bank of America, and Goldman Sachs by New York State Attorney […]
All the Devils are Here
I’m going to lay in bed and watch The Wire tonight. It’s not nearly as fun, but, if you’re looking for something to watch, here’s video of Jon Stewart interviewing the authors of the new book All the Devils Are Here: The Hidden History of the Financial Crisis. I’m not incredibly knowledgeable when it comes […]
Things aren’t looking good for Elizabeth Warren… now’s the time to act
According to the folks at Talking Points Memo, it doesn’t look likely that Elizabeth Warren with get the nomination to head the new Consumer Financial Protection Agency that she’s been championing so aggressively this past year. Here’s a clip from the article: Progressive pressure on President Obama to appoint Elizabeth Warren to head a soon-to-be-created […]
Financial reform bill emerges from committee, but is it any good?
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 […]