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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: regulation

regulation stories: 67 news summaries

21 - 40 of 67 Stories | << Prev 1 2 3 4 Next >>

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 Feds Seek Expanded Power 
 to Seize Shaky Companies  

Treasury sec should be able to seize non-bank firms, says administration

Mar 24, 09 6:00 AM CDT
(Newser) - The Obama administration is expected to ask Congress for expanded powers that would let the Treasury secretary seize insurers, hedge funds, and other non-bank financial companies whose failure would imperil the economy, reports the Washington Post. While negotiations are ongoing, the plans to expand Treasury authority would represent a major... More »

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AIG • Treasury Department • regulation • bank regulation • Obama administration • Treasury secretary • financial crisis • Timothy Geithner

 Stimulus Sours Obama's 
 European Honeymoon 

US urges more spending; EU focused on regulation

Mar 12, 09 10:15 AM CDT
(Newser) - European leaders’ love affair with President Obama has hit its first snag: Obama is pushing Europe to spend more to battle the financial crisis, while Europe would prefer to focus on stricter regulation, the Los Angeles Times reports. “The Americans should be more modest about giving lessons, because the... More »

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Germany • government spending • European Union • Europe • France • regulation • Britain • Obama administration • financial crisis • President Obama

SEC Missed Stanford Warning Signs

Minor fines levied for violations that should have been red flags

Feb 19, 09 5:24 AM CST
(Newser) - Years of SEC probes into the Stanford Group's finances resulted in wrist-slaps for violations that experts believe should have been huge red flags for investigators, the New York Times reports. The firm, suspected of engaging in an $8 billion fraud, paid out just $60,000 in the past 2 years... More »

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fraud • SEC • regulation • Ponzi scheme • securities fraud • Stanford Financial Group • Robert Allen Stanford

ANALYSIS

DNA Tests Can Improve Health—and Ruin Privacy

Testing labs can sell genomes to Big Pharma

Feb 17, 09 6:22 PM CST
(Newser) - Genetic testing is quickly becoming cheaper and widely available, prompting questions of whether the privacy of this most personal data can be ensured, writes Peter Dizikes for Salon. Companies such as 23andMe and Navigenics can study your genes for $399 or so to determine if you're at risk for a... More »

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drug companies • DNA • genome • regulation • pharmaceutical • Personal Genome Project

Denied Rate Hike, State Farm to Axe Fla. Home Insurance

Company holds 1.2M policies in state hit hard, and often, by nature

Jan 27, 09 1:34 PM CST
(Newser) - Citing a “weakened financial position,” State Farm’s Florida operation is planning to completely exit the home insurance business there within 2 years, the Miami Herald reports. Such a move would need regulatory approval, and require a 180-day heads-up to affected homeowners. The move comes after the insurer,... More »

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Florida • insurance • regulation • homeowners • property insurance • State Farm • home insurance • rate increase

 Obama Moves Quickly to 
 Overhaul Finance Rules 

Details of plan to emerge by April when prez heads to London summit

Jan 25, 09 6:58 AM CST
(Newser) - The Obama administration aims to quickly beef up regulation of the US financial system to stave off economic implosion, the New York Times reports. Plans include tightening rules on hedge funds, credit rating agencies, and mortgage firms, and keeping a closer watch on financial instruments at the center of the... More »

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SEC • hedge fund • mortgage brokers • regulation • economy • credit rating • financial crisis • credit default swap • President Obama

Madoff Scandal Turns Up Heat on Financial Advisers

Loophole lets Madoff types profit from bad advice, they say

Jan 21, 09 3:53 PM CST
(Newser) - Wall Street advisers and brokers are tussling over the details of a looming regulatory overhaul as Washington takes steps to prevent another Bernard Madoff scandal, Bloomberg reports. Advisers want brokers who counsel clients to be subject to the same oversight they’re under; currently, their brokerage counterparts can profit by... More »

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Wall Street • Merrill Lynch • SEC • oversight • investment • regulation • brokerage • bank regulation • brokers • Obama administration • President Obama • Bernard Madoff • financial adviser

ANALYSIS

Battle Over Regulation Looms in '09

Some worry Obama won't do enough to rein in derivatives market

Dec 25, 08 9:24 AM CST
(Newser) - After the economic meltdown of 2008, the coming year will see a battle over one of the most politically contentious issues in finance: the regulation of derivatives markets. Some who opposed government oversight before now acknowledge the need for tighter controls. But they face an uphill battle, reports Newsweek, against... More »

MORE ABOUT:
Alan Greenspan • SEC • oversight • derivatives market • regulation • SEC commissioners • Robert Rubin • auction-rate securities • Obama administration • financial crisis

Interview

SEC Chair:
At Least
I Didn't Panic

Cox defends record; failure to nab Madoff an 'inexplicable asterisk'

Dec 24, 08 8:56 AM CST
(Newser) - Christopher Cox is proud that he’s done next to nothing in the face of the financial meltdown. “What we have done is stay calm, which has been our greatest contribution,” he told the Washington Post, contrasting that with the Fed and Treasury’s frantic machinations. Yes,... More »

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SEC • Christopher Cox • regulation • bank regulation • financial crisis • Bernard Madoff

ANALYSIS

Exec Pay Likely to Stay
in Stratosphere

Gov't measures to curb cash have backfired with strategies to win execs even more

Dec 21, 08 7:13 AM CST
(Newser) - Will the financial crisis slash the pay of executives who helped get us into the mess? Probably not, if past trends continue, writes David S. Hilzenrath in the Washington Post. When government in the past has fought to curb bosses’ cash flow, corporate boards have generally found a way to... More »

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executive compensation • CEO • corporations • bonuses • regulation • financial crisis

OPINION

Spitzer on
Wall Street:
I Told You So

Disgraced ex-gov explains how to rework regulatory system

Nov 15, 08 11:01 AM CST
(Newser) - These days, Eliot Spitzer may be famous for his horizontal escapades, but once he was a pro-regulation crusader trying to reign in Wall Street’s excesses. Spitzer tried to raise the alarm about market transparency, AIG, and subprime lending, but he and those like him were always “scoffed at... More »

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Eliot Spitzer • regulation • bank regulation • financial crisis

ANALYSIS

The Economic 
Crisis Taints Us 
All: Galbraith 

Economist calls the meltdown a 'blot' on
the profession

Nov 2, 08 3:19 PM CST
(Newser) - The economic bust has taken a hammer to the profession of economics, Reagan's monetary policy, and the careers of President Bush, Alan Greenspan, and Henry Paulson, James Galbraith tells the New York Times. In an interview with Deborah Solomon, the economist chides his colleagues for failing to call the meltdown,... More »

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Dick Cheney • economics • Henry Paulson • Alan Greenspan • Ronald Reagan • economist • regulation • George W. Bush • James K Galbraith

Asia, Europe Want Financial Reform Now

Beijing steps up as leaders craft plans to manage economies

Oct 25, 08 6:15 PM CDT
(Newser) - Asian and European world leaders joined forces today to call for stricter regulation of world financial markets and a shakeup of the monetary system, the Washington Post reports. The declarations marked the close of a 2-day summit in Beijing attended by more than 40 heads of state. Bailouts in the... More »

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China • Europe • Nicolas Sarkozy • Asia • financial markets • IMF • Wen Jiabao • regulation • George W. Bush

 Greenspan: 
 I Was Wrong 
 to Trust Banks 

Fed's push for deregulation helped 'nnce-in-a-century credit tsunami'

Oct 23, 08 11:51 AM CDT
(Newser) - Alan Greenspan made a mild mea culpa today as lawmakers grilled him on his role in a financial crisis the former Fed chief called a “once-in-a-century credit tsunami,” the Wall Street Journal reports. Asked if he was wrong to champion deregulation, Greenspan replied, “partially,” explaining he’... More »

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Federal Reserve • Alan Greenspan • regulation • deregulation • financial crisis • credit default swap

OPINION

'The Oracle' Forgot One Thing: We're Greedy

Founding fathers quickly figured out people couldn't be trusted to be selfless

Oct 18, 08 11:50 AM CDT
(Newser) - If those who ignore history repeat it, Alan Greenspan must have slept through a few Constitutional history classes. In promoting the risky derivatives market, the former Federal Reserve chairman was depending on individuals' restraint and care for the greater good. But Americans just aren't that altruistic, as the Founding Fathers... More »

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Alan Greenspan • derivatives market • regulation • US Constitution • George Washington • greed • Thomas Jefferson • financial crisis • John Adams

OPINION

From Carnage
of Crisis Rises Vast Opportunity

World must act to overhaul finance for next era: Gordon Brown

Oct 17, 08 7:31 AM CDT
(Newser) - The British plan to recapitalize world banks helped calm global markets, but Gordon Brown isn't done yet. In an op-ed for the Washington Post, the prime minister declares that we face "a defining moment for the world economy" on par with the aftermath of World War II, and that... More »

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globalization • World Bank • International Monetary Fund • Gordon Brown • global economy • regulation • financial crisis • Bretton Woods

ANALYSIS

Wave Goodbye
to Reaganism 

Wall St. collapse shows old policies no longer work for modern US

Oct 5, 08 8:00 PM CDT
(Newser) - Reaganism—the graying policy of low taxes, light regulation, small government, and “cowboy capitalism”—is over. Worse, Francis Fukuyama writes in Newsweek, it, along with Washington’s ill-advised foreign policy, is tarnishing the American brand. “Restoring our good name and reviving the appeal of our brand... More »

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globalization • democracy • Ronald Reagan • regulation • Reaganomics

China Tops US With More High-Speed Lines

Nation's rise in broadband technology 'a major milestone'

Sep 27, 08 3:41 PM CDT
(Newser) - China's broadband network is now bigger than America's, InformationWeek reports. In fact the Asian nation has the planet's biggest high-speed network—which "means a lot more for building a modern, hi-tech economy" than China's spacewalk yesterday, one expert said. "This is a major milestone for China." More »

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China • technology • broadband Internet • United States • competition • growth • regulation • telecommunications

ANALYSIS

SEC Chair Cox Fiddled as US Markets Burned

'Exceedingly cautious' approach had Paulson looking to kill agency

Sep 22, 08 3:22 PM CDT
(Newser) - With US markets in upheaval, the head of the watchdog Securities and Exchange Commission was preoccupied with a new technology for corporate filing, Bloomberg reports. Christopher Cox’s inaction has provoked bipartisan criticism: McCain adviser Carly Fiorina said he has been “asleep at the switch,” while Democratic Sen.... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • Henry Paulson • SEC • Christopher Cox • regulation • SEC commissioners • bank regulation

 E-Cigs Not Safe: WHO 

Devices sold as smoking treatment

Sep 20, 08 7:14 AM CDT
(Newser) - Electronic cigarettes are untested and possibly unsafe, the WHO said today. The device—a mock cigarette that releases a fine mist of nicotine, sans fire—has been sold over the internet as a smoking cessation aid, Reuters reports. The problem is that it could release, besides nicotine, “many other... More »

MORE ABOUT:
smoking • World Health Organization • regulation • smoking cessation • cigarette • electronic cigarette

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