Banking Reform

How Good Is the Financial Regulation Bill?

By Matthew Yglesias
From yglesias.thinkprogress.org
May 21st, 2010

yglesias.thinkprogress.org — The bill contains a number of provisions that make large bank failures less likely. It also contains provisions that make it less likely that a bank failure would cause a systemic meltdown. And on top of that it contains a much-improved process for dealing with bank failures, making it much less likely that a failure will lead to a politically toxic and massively unfair TARP-style “bailout.” It’s not airtight on any of those fronts, but it makes headway and when you combine it all together it’s a big impact. That said, the financial crisis has also raised a lot of questions in people’s minds about the role of finance in the U.S. and global economies. And the bill doesn’t do anything at all about those issues.

more »

Discuss
Rate It!
(0)
Broadcast

Les Leopold's picture

The Financial Crisis Inquiry Commission: Meaningful or Milquetoast?

By Les Leopold
January 11, 2010

Every once in a long while a commission can change America. The 1954 Army-McCarthy hearings destroyed Senator Joe McCarthy by revealing his out-right viciousness and insincerity through the new media of television. The Watergate hearings helped to bring down a president. more »

More »»

Discuss
Rate It!
(0)
Broadcast

Financial 'Reform' Preserves Too-Big Banks, Too Much Speculation

By John Nichols
From thenation.com
December 13th, 2009

thenation.com — Most of the "reforms" in the financial regulatory legislation approved by the House on December 11 are so mild that the savviest of the nation's big bankers will be breathing sighs of relief. Bank and insurance company lobbyists have plenty of openings to game the system in their favor. And they could get even more as the Senate weighs reforms and then the legislation moves into a House-Senate conference.

more »

Discuss
Rate It!
(0)
Broadcast

Dave Johnson's picture

New Lie On Bank Reform

By Dave Johnson
December 11, 2009

Opponents of financial reform, after huddling with banking lobbyists, are now circulating a story that the reform bills are nothing more than more bailouts for the big banks. more »

More »»

Discuss
Rate It!
(0)
Broadcast

Isaiah J. Poole's picture

New Democrats' Morally Hazardous Ploy

By Isaiah J. Poole
December 10, 2009

A chart buried in the Congressional Oversight Panel report released Tuesday explains one of the reasons why a compromise on a financial regulatory reform bill struck by the White House, the House Democratic leadership and a group of conservative Democrats is so wrong-headed and potentially dangerous. more »

More »»

Discuss
Rate It!
(0)
Broadcast

Mike Elk's picture

Wall Street's Favorite Democrat Aims To Weaken Bank Regulation

By Mike Elk
December 8, 2009

Here she goes again: Wall Street's favorite Democrat, Rep. Melissa Bean, D-Ill., is once again shilling for the banks. more »

More »»

Discuss
Rate It!
(0)
Broadcast

Isaiah J. Poole's picture

Labor Exec Shows How To Demolish Banking Industry Facade

By Isaiah J. Poole
November 17, 2009

Wall Street Reform Matters

Hear AFL-CIO policy director Damon Silvers explain why financial reform is important and his assessment of his debate with American Bankers Association president Edward Yingling.

The banking lobby, as corporate lobbies are wont to do, can build a wonderful Potemkin village of consumer delights, where a defanged government beholden to business interests smiles as unfettered CEOs and marketers rack up their profits and where only the buyer need beware.

This particular village, however, is as flimsy as it is fake, as Damon Silvers, the policy director at the AFL-CIO, demonstrated in a face-off with the banking industry's chief lobbyist, American Bankers Association president Edward Yingling sponsored by the Aspen Institute.

More »»

Discuss
Rate It!
(0)
Broadcast

Mike Elk's picture

A New Player in the Banking Reform Fight: Citizens

By Mike Elk
June 11, 2009

The fact that regular citizens have been largely excluded from the debate over financial regulation on Capitol Hill was underscored most vividly when Sen. Richard Durbin, D-Ill, said last month that "frankly the banks own the place." more »

More »»

Discuss
Rate It!
(0)
Broadcast