The White House is considering appointing Elizabeth Warren as interim head of the Consumer Financial Protection Bureau, bypassing a likely Senate confirmation battle, according to sources.
Under the Dodd-Frank regulatory reform law signed July 21, the Treasury Department has the power to appoint a temporary head of the new...
White House mulls "temporary appointment" for Elizabeth Warren
Geithner: Elizabeth Warren Would Be Strong Consumer Chief — as Would Others
Filed under: Economy, Wall StreetTreasury secretary says Warren is adept at the "brutal" scrutiny the financial system needs in order to work well, but chose not to endorse her. Permalink | Email this | Linking Blogs ...
Wall Street Reform Passes Senate With Scott Brown’s Backing
Filed under: Senate, Democrats, Republicans, Economy, The Capitolist, Wall Street
The Senate votes 59-39, with support from three Republicans, to impose new rules and regulations on Wall Street in hopes of preventing another financial meltdown.
Financial Reform passes Senate
In a vote of 59-39, the Senate passed the financial reform bill. At the last moment, Wall Street got another win. They convinced Sen. Brownback to pull his car-dealer protection act so that the Merkley-Levin Volker rule amendment would also be withdrawn. Since it had been attached as a second degree amendment to Brownback, it's...
AR-Sen, Wall Street Reform: Lincoln ready to abandon tough derivatives reform
The narrative that's been building that Lincoln's tough derivatives reform was all about trying to solidify Dem/anti-Wall Street support before her primary tomorrow, and that further, once the primary was over, she and Dem leadership were ready to gut the reforms.
Now comes confirmation, direct from the horses' mouths.
Two...
Americans for Financial Reform: Major loophole in Wall Street Reform
HuffPo's Shahien Nasiripour obtained an e-mail sent to the Senate Banking Committee by Americans for Financial Reform, alerting them to a major loophole, "wide enough to undermine the whole effort to reform a part of the financial market -- those derivatives traded between financial firms, like AIG, outside of any government oversight -- that's...
Wall Street Reform: Merkley-Levin Volker rule hotly contested
Reid is widely reported to be "likely" filing for cloture on Wall Street reform today, meaning the final vote could come sometime Wednesday. The major question, as the bill has been getting incrementally stronger and more progressive, is whether the really substantive, systemic reform amendments will be allowed on the floor and meet the...
Dorgan slams Wall Street reform, demands better
In a floor speech last night, Byron Dorgan let his populist flag fly, slamming the weaknesses in the Wall Street reform bill and urging his colleagues to do better to strengthen "too big to fail" provisions and regulate credit default swaps.
Breaking up banks that are "too big to fail,"...
Wall Street reform gets better, but isn’t done yet
Yglesias calls it the "incredible growing FinReg bill", and he's right. Buoyed by some good ol' fashioned populist anger at Wall Street, some Democrats have been successfully pushing hard to strengthen the bill. While Republicans have been doing the best to drag their feet to slow the process down, they aren't by any means...
Wall Street Reform: White House comes out swinging against Brownback amendment
In what is the first second official White House statement specific to any proposed amendment to Wall Street reform, the President Obama is throwing his weight into defeating a Brownback amendment that would exempt auto dealers from new consumer protection laws.
Throughout the debate on Wall Street reform, I have urged members...
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