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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: deregulation

deregulation stories: 24 news summaries

1 - 20 of 24 Stories | 1 2 Next >>

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 In Hong Kong, 
 Palin Blames 
 Big Gov't 
 for Crisis 

Former Alaska governor tries to burnish foreign credentials

Sep 23, 09 6:20 AM CDT
(Newser) - The global financial crisis was the fault of governments, not corporations, Sarah Palin told investors today at a closed-door talk in Hong Kong. In her first speaking engagement outside North America, the former Alaska governor said that "we got into this mess because of government interference in the first... More »

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China • Hong Kong • Sarah Palin • deregulation • financial crisis • CLSA

OPINION

 Working Class Picks 
 Wrong Villains 


Sep 17, 09 11:25 AM CDT
(Newser) - When the tea party protesters converged on Washington, one leader, radio demagogue Mark Williams, repeatedly described them as “working stiffs” who felt left out. It’s no wonder they’re angry, writes Timothy Egan for the New York Times, because it’s been a lost decade for “... More »

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Bush administration • conservative • protests • tax cuts • deregulation • Obama administration • President Obama • tea parties

OPINION

Brown's Woes Offers Obama Reality Check

Voters don't reward economic competence after crisis: Krugman

Jun 8, 09 8:50 AM CDT
(Newser) - The Bush administration has taken much of the blame for the American recession, but a "huge housing bubble and a financial crisis" were always on the cards, as Paul Krugman writes for the New York Times. Writing from London, where voters gave Gordon Brown a pummeling in Thursday's... More »

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United Kingdom • Gordon Brown • recession • global economy • Robert Rubin • housing bubble • bank regulation • deregulation • Obama administration • financial crisis

(Newser) - During the Great Depression, legend has it a group of Wall Street bankers went to Hollywood to see if it was worth investing in, only to be immediately repulsed by the brazen displays of wealth they saw there. Now that it's the bankers being pilloried for their excesses, writes Neal... More »

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Wall Street • Hollywood • financial sector • Great Depression • bank regulation • deregulation • banking industry • financial crisis

(Newser) - When Paul Krugman was in grad school, nobody wanted to be a banker. Sure, it paid more than being an academic economist, but “everyone knew that banking was, well, boring,” he writes in the New York Times. That was before deregulation came into vogue in the 1980s,... More »

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Paul Krugman • financial sector • Great Depression • bank regulation • deregulation • banking industry

OPINION

DC Still Turns Blind Eye to Banks: Spitzer

Regulators attempt
to save face after failing to prevent crisis

Apr 1, 09 11:38 AM CDT
(Newser) - There’s a reason the government seems to have no control—darn the luck—over the banks it’s poured billions into: It’s trying to save face, writes Eliot Spitzer for Slate. Washington has struck a tacit bargain with Wall Street, the ex-governor says: Taxpayers bail out the financial... More »

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Eliot Spitzer • financial sector • bank regulation • deregulation • Troubled Asset Relief Program • financial crisis • TARP • regulator

ANALYSIS

Thatcher's 'Big Bang'
Free-for-All Led to Bust

Pioneers of British '80s deregulation dismayed at unforeseen 'side effects'

Mar 31, 09 6:55 AM CDT
(Newser) - The British regulatory reforms that changed the face of the financial industry in the '80s allowed banks to become bloated giants, two architects of the so-called "Big Bang" changes tell the Wall Street Journal. The deregulation let London's financial sector flourish, the men say, but also allowed banks to... More »

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London • financial services • banking • G20 • bank regulation • deregulation • financial crisis

OPINION

 Obama Should Draft Krugman 

NYT columnist would do a lot better than Geithner and Summers

Feb 19, 09 3:11 PM CST
(Newser) - Barack Obama’s economic team so far has failed to inspire confidence, writes Steven Stark for the Boston Phoenix. Instead of Geithner and Summer, Obama should pick a new man to lead the charge on the financial crisis: Appoint Paul Krugram, Nobel laureate and economics columnist for the New York ... More »

MORE ABOUT:
Paul Krugman • Larry Summers • economic adviser • deregulation • financial crisis • Timothy Geithner • car czar

Obama to Name Tech Adviser
as FCC Chair

Genachowski choice praised  by media reform movement

Jan 13, 09 2:25 PM CST
(Newser) - Barack Obama is expected to announce Julius Genachowski as his FCC chairman, and media reform groups are enthusiastic about the choice, Ars Technica reports. Genachowski served in the FCC during the Clinton administration and in the dot-com industry before becoming Obama’s technology adviser. He helped craft the President-elect’s... More »

MORE ABOUT:
Barack Obama • FCC • diversity • telecommunications • media ownership • Federal Communications Commission • deregulation • President Obama • Julius Genachowski

Poll: Americans Back Economic Intervention

A growing majority blames financial crisis on deregulation

Dec 11, 08 6:14 AM CST
(Newser) - A clear majority of Americans approve of Washington taking firm steps to intervene in the nation's struggling economy, a Los Angeles Times poll finds. Two-thirds favor tighter restrictions on financial institutions and 60% back help for homeowners facing foreclosure. A huge 87% blamed deregulation for the economic crisis—up 25% ... More »

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foreclosure • US government • US economy • financial institutions • free markets • bailout • deregulation • financial crisis

opinion

 Whom to Thank for This Mess 

Bad decisions starting in the '80s triggered the credit crisis

Dec 9, 08 2:59 PM CST
(Newser) - This financial crisis brewed over decades of bad decisions, and, in Vanity Fair, economist Joseph Stiglitz makes sure credit is given where due:
  • In 1987 President Reagan appointed anti-regulation Alan Greenspan to a regulatory post.
  • Greenspan offered the markets a "flood of liquidity" that boosted inflation
... More »

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Alan Greenspan • tax cuts • Reaganomics • Joseph Stiglitz • bank regulation • deregulation • financial crisis • Wall Street bailout

ANALYSIS

Ex-Sen. Gramm Sticks to
His Guns on Deregulation

Republican touts benefits of subprime loans, credit-default swaps as critics cry foul

Nov 17, 08 10:29 AM CST
(Newser) - While some experts argue his work contributed to the economic meltdown, former senator Phil Gramm stands by his efforts to deregulate the lending and financial sectors, the New York Times reports. “There is this idea afloat that if you had more regulation you would have fewer mistakes,” Gramm... More »

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Congress • Senate • free markets • economy • Phil Gramm • deregulation • financial crisis

 Huge Bush 
 Deregulation 
 Push Before 
 Jan. 20 

White House will relax rules on environment, consumer protection

Oct 31, 08 8:26 AM CDT
(Newser) - George W. Bush is president for 11 more weeks, and the White House is plotting to use that time to modify federal regulations to weaken protections for consumers and the environment. The deregulatory initiatives would be some of the most controversial of the Bush era, reports the Washington Post, lifting... More »

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Bush administration • White House • executive order • lobbying • U.S. environmental laws • George W. Bush • deregulation

 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

 Poll: Americans Want 
 More Regulation 

70% say lack of oversight caused economic woes

Oct 15, 08 11:19 AM CDT
(Newser) - What caused the financial and housing crises? Three-quarters of Americans think a lack of federal regulation played at least some role in current economic woes, and 90% characterize the economy as doing badly, according to a Los Angeles Times/Bloomberg poll. When asked about the most crucial financial focus for the... More »

MORE ABOUT:
bailout • economy • bank regulation • deregulation • opinion polls • financial crisis

OPINION

GOP Is Brilliant at Blaming the Victim: Frank

Conservatives can't admit deregulation has failed, says Frank

Oct 1, 08 1:22 PM CDT
(Newser) - Even in a financial crisis obviously precipitated by an orgy of deregulation, writes Wall Street Journal columnist Thomas Frank, the right has done a spectacular job deflecting blame. Looking to point the finger at something other than "unbridled pecuniary motives," conservatives have targeted Democrat-friendly Fannie Mae and Freddie... More »

MORE ABOUT:
subprime mortgages • credit market • mortgage backed securities • conservatives • deregulation

Mac's Market Approach Sours Amid Crisis

Obama seizes on plan for privatized Social Security accounts

Sep 22, 08 10:26 AM CDT
(Newser) - The tumbling stock market has drawn the wrong kind of attention to John McCain’s Social Security and health-care positions, the Wall Street Journal reports, since the Republican has long been an advocate of more market-based, deregulated approaches in both areas. A new Barack Obama ad says McCain’s plan... More »

MORE ABOUT:
health care • John McCain • Social Security • McCain 2008 • deregulation

McCain Team on Defense Over Health Care Comment

Dem said McCain backs banking deregulation

Sep 21, 08 2:56 PM CDT
(Newser) - John McCain was back on the defensive over the economy yesterday, after Barack Obama accused him of touting banking deregulation in a magazine article even as Washington is scrambling to re-regulate the industry to stave off a Wall Street meltodown, the Washington Post reports. In this month's Contingencies magazine, McCain... More »

MORE ABOUT:
health care • Barack Obama • John McCain • Social Security • economy • bank regulation • deregulation

OPINION

Forget Arugula: Dems Should Hit GOP on Fiscal Crisis

But they should ignore the arugula and hammer on GOP moves that created this mess

Sep 17, 08 2:58 PM CDT
(Newser) - Put aside the arugula and forget "priggish" counter-attacks on Sarah Palin, Thomas Frank advises Democrats. The way to win the culture war being waged by Republicans is to point out what GOP dominance over the last quarter century has done: removed fiscal safeguards and brought us "to the... More »

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Democrats • Republican • financial markets • labor unions • subprime crisis • deregulation • culture wars • financial crisis

Wall Street Meltdown Turns McCain Pro-Regulation

Republican backs off earlier enthusiasm for deregulation

Sep 17, 08 12:00 PM CDT
(Newser) - With Wall Street in extremis, John McCain is backing away from a long history as an opponent of financial regulation, reports the Washington Post. The paper cites McCain's record in backing banking deregulation, including the 1999 legislation, sponsored by then-Sen. Phil Gramm, a McCain campaign adviser, that removed the Depression-era... More »

MORE ABOUT:
Barack Obama • John McCain • AIG • weakening economy • deregulation • financial crisis

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