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Tag Archives: financial reform
Foreclosure Fraud Just the Tip of the Iceberg
Dylan Ratigan, Ohio Secretary of State Jennifer Brunner, and Karl Denninger of The Market Ticker unravel foreclosure fraud: To reiterate, the fraud in foreclosures that we’re seeing now is just the tip of the iceberg. The purpose is to try … Continue reading
Posted in bailout, Congress, economy, Financial Crisis, financial reform, financial regulation, Foreclosures, Justice Department, Obama administration, special interests, too big to fail, Wall Street
Tagged 40 states, attorneys general, bailout, BofA, Chase, Congress, David Axelrod, Dylan Ratigan, financial reform, foreclosure, fraud, insolvent, Karl Denninger, Market Ticker, mortgages, national moratorium, resolution authority, securities, Wall Street, White House
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Axelrod in Wonderland
David Axelrod in yesterday’s Washington Post: “Pundits will spend a lot of time predicting who will win in November. But more is at stake than the fate of Democrats or Republicans. What’s at stake is whether the powerful corporate special … Continue reading
It’s True Harry, and You Have Only Yourself to Blame
Welcome to the party, Harry. You’re a little late, but glad you finally got here: “Republicans hope unemployment rates jump higher to give them a better shot at retaking Congress, Majority Leader Harry Reid said Wednesday. At a press conference … Continue reading
With Gregg on Finance Reform Committee Prospects Aren’t Good
Financial reform is once again on the agenda as the House—Senate conference committee attempts to reconcile the differences between the 2 bills beginning on Thursday. This article from McClatchy doesn’t give me reason to be optimistic about the outcome: “A … Continue reading
“Put Up or Shut Up” Time on Too Big To Fail
Now that the Senate Republicans have abandoned their filibuster (after perusing the public opinion polls on Wall Street and observing the tap-dancing by Goldman Sachs execs at the Senate Subcommittee on Investigations hearings, I assume) financial reform legislation is set … Continue reading
Incompetence and Regulatory Capture at Washington Mutual
Any questions about why financial reform legislation must have strict provisions for enforcement not left up to the discretion of the so-called “regulators” should be cleared up by David Heath’s extensive piece at the Huffington Post about incompetence, corruption, and … Continue reading
Blankfein Supports Financial Reform?
OK, now I’m suspicious. Goldman CEO Lloyd Blankfein says Wall Street will be the “biggest beneficiary” of financial reform: “A financial regulatory reform bill has at least one supporter outside of Congressional Democrats, Lloyd Blankfein, the head of investment bank … Continue reading
A Crucial Week for Financial Reform
In what’s shaping up as a crucial week in the quest for financial reform there are some encouraging signs, some not so encouraging, and a demonstration by the executives at “the great vampire squid” (aka Goldman Sachs) give us an … Continue reading
Posted in bailout, Congress, economy, Financial Crisis, financial reform, financial regulation, Obama, Politics, Republicans, too big to fail, Wall Street
Tagged Blanche Lincoln, Bob Corker, Chris Dodd, claw back, derivative legislation, financial reform, Goldman Sachs, great vampire squid, Harry Reid, letter, Mitch McConnell, Olympia Snowe, President Obama, Richard Shelby, Scott Brown, This Week
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Whatever It Is, They’re Against It
Senator Mitch McConnell (R-KY), speaking for all 41 Senate Republicans on the prospects for reforming and regulating the financial system: That was after Susan Collins (R-ME) became the 41st signature on McConnell’s letter to Harry Reid which reads: “We are … Continue reading
Posted in bailout, Congress, economy, financial reform, financial regulation, Politics, special interests, too big to fail, Wall Street
Tagged $50 billion fund, American Banker, Bob Corker, dismantle, endless taxpayer bailouts, FDIC, financial reform, Frank Luntz memo, Harry Reid, letter, Mitch McConnell, Sheila Bair, Susan Collins
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