Financial sector lobbyists convince an Obama-appointed judge to gut derivatives legislationMonday, Oct 1, 2012 4:30 PM UTC 0
News Wall Street, Bank Reform
New York's elite ask that regular folk please be more respectful of their betters (and stop protesting them)Friday, Sep 30, 2011 8:30 PM UTC 0
Politics Michael Bloomberg
Still smarting from an off-hand insult to the all-powerful financial sector, JPMorgan's CEO cozies up to the GOPWednesday, Sep 28, 2011 4:01 PM UTC 0
Politics 2012 Elections, Bank Reform
Page 1 of 14 in Bank Reform
After thirty years in which the principle that markets know best ruled economic policy-making in the United States, the great financial crisis of 2007-2008 brought the deregulatory era to a shrieking halt. The challenge now facing lawmakers and the Obama administration is whether they can craft a new set of rules that will prevent an out-of-control Wall Street from dragging the entire global economy into the gutter once again.
But expectations for bank reform are low. The proposals being debated in Congress don't do enough to solve the problem of too-big-to-fail financial institutions, or to protect consumers. Even worse, to gain enough Republican votes to guarantee passage, Democrats will likely make compromises that further weaken the bill. Despite the greatest financial crisis in more than 70 years, the U.S. government still doesn't have much appetite for meaningful reform.
See also: Bank Bailouts, Ben Bernanke, Goldman Sachs, Mortgage Crisis, Timothy Geithner, U.S. Economy, Wall Street
of rules that will prevent an out-of-control Wall Street from dragging the entire global economy into the gutter once again.