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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: financial reform

financial reform stories: 8 news summaries

analysis

White House Move Bad News for Investors

It's trying to weaken protections put in
place after Enron

(Newser) - Belying its reputation as financial regulatory crusaders, the White House is quietly working to weaken a protection for everyday investors. Rahm Emanuel is pushing lawmakers to back an amendment that would exempt smaller companies from audits of their internal controls, sources tell the Huffington Post. The stricter controls, established by... More »

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Sarbanes Oxley Rahm Emanuel regulation Obama administration financial reform

Frank, Geithner to Roll Out 'Too Big to Fail' Bill

New rules will impose 'living wills' for banks

(Newser) - After months of negotiations, Congress and the Obama administration are ready to introduce new rules on financial institutions deemed "too big to fail." Barney Frank, who heads the House Financial Services Committee, will present a bill as soon as this week that will let the government seize... More »

Don't Fight Reform, Obama Warns Wall St. at NYC Dinner

Still, president reminds finance industry, 'we're in this together'

(Newser) - At a fundraising dinner tonight in New York attended by (among others) the sorts of financial types who could afford the $30,400-per-couple entry fee, President Obama wagged a finger at Wall Street. “I would ask that you join us in passing what are necessary reforms,” he said... More »

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Wall Street finance financial crisis fundraising President Obama dinner financial reform

Wall Street Doing Its Best to Buy Schumer

Hands NY Dem $1.65M as vote looms on new financial regulations

(Newser) - With a vote looming on Barack Obama’s plan to revamp financial regulations, Wall Street has shoveled $10.6 million into Senate campaign chests this year. Most of that money, $7.7 million, has gone to Democrats, and more than 15% has gone to one man: Chuck Schumer. Schumer’s... More »

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Wall Street Charles Schumer Richard Shelby bank regulation Kirsten Gillibrand financial reform

Blue Dogs Offer Own Spin on Finance Reform

Float alternative to Obama's financial protection agency

(Newser) - Blue Dogs are digging in against the idea of creating a “consumer financial protection agency,” a key provision in Barack Obama’s financial regulatory reform plan, Politico reports. Instead, they want existing regulators to collaborate by way of a “consumer financial protection council.” “We’re... More »

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consumer protection Barney Frank Obama administration Blue Dog Democrats financial reform

Obama Vows
to End 'Fat'
Exec Bonuses

Summers sees
'death panel' tactics from reform foes

(Newser) - President Obama used his weekly radio address today to promise a continued crackdown on risky investment schemes that result in "fat executive bonuses" on Wall Street, reports Reuters. Obama pledged to use next week's G20 summit in Pittsburgh to push for sweeping reform of the world's financial markets. "... More »

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Wall Street Larry Summers G20 President Obama executive bonuses financial reform

 Obama Turns to 
 Wall Street Reform 

NY visit will push for "fundamental change" to financial rulebook

(Newser) - As Washington wrangles over what shape health reform might take, President Obama heads to Wall Street today to remind it that financial reform is far from being forgotten, reports the Washington Post. On the one-year anniversary of Lehman Brothers' implosion, the president will push financial overhaul as urgent in order... More »

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Barack Obama Wall Street financial crisis Timothy Geithner financial reform

OPINION

 US Too Scared to Take On 
 Monster Banks: Stiglitz

it's 'outrageous' bonuses aren't being curtailed, says economist

(Newser) - Underlying financial problems posed by ever-growing monster banks are worse now than before the economic crisis, but the Obama administration is reluctant to take them on, warns a Nobel Prize-winning economist. The so-called "too-big-to-fail banks" have become even bigger, and their troubles will further threaten the economy, Columbia University... More »

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Barack Obama Nobel Prize in Economics Joseph Stiglitz financial reform

8 Stories