Mar 23 Pay Czar Caps Compensation at Five Bailed-Out Firms Kenneth Feinberg, the Obama administration's pay czar, announced Tuesday that he will cut 2010 salaries for top executives at five companies that received extraordinary bailout assistance from the government at the height of the financial crisis. The highest-paid… Continue reading
Mar 17 Bernanke to Defend Fed’s Oversight Powers Fed Chairman Ben Bernanke will defend the central bank's ability to oversee small and large banks alike in an appearance before the House Financial Services Committee Wednesday, according to prepared testimony. Bernanke's position takes on financial reform legislation unveiled… Continue reading
Mar 16 Geithner Profile: ‘A Creature of Washington’ By Carolyn O'Hara Treasury Secretary Tim Geithner is on the Hill before a House committee Tuesday to testify about the budget and economy. Geithner will also be making the media rounds to plug Sen. Dodd’s financial reform bill that was unveiled… Continue reading
Mar 15 Dodd Unveils Financial Regulation Bill Sen. Chris Dodd, D-Conn., unveiled a bill Monday to overhaul the U.S. financial system, proposing new powers for the Federal Reserve to oversee the nation's largest financial firms; a consumer protection agency housed within the Fed; and a new… Continue reading
Mar 11 Dodd to Unveil Financial Reform Without GOP Support UPDATE 2:45PM: At a news conference Thursday afternoon, Sen. Chris Dodd denied that the political ramifications of reconciliation being used in the health care debate motivated him to push a financial reform bill forward without GOP support. Continue reading
Mar 10 Oversight for Thriving Payday Lending Unclear in Financial Reform Sen. Bob Corker, R-Tenn., is denying that payday lenders will receive an exemption in financial reform legislation being crafted in the Senate, refuting reports that he has been pressing the Senate Banking Committee to "scale back substantially"… Continue reading
Mar 09 Pentagon Weighs In on Consumer Protections By Carolyn O'Hara The Pentagon has thrown its hat into the ring over a new consumer protection agency. Politico reports Tuesday that military leaders want a consumer watchdog to oversee auto dealers and prevent them from making predatory sales to servicemembers. The… Continue reading
Feb 19 Do We Need a Consumer Protection Agency? As the Senate continues to debate financial reform, the issue of whether to create an independent consumer protection agency has become a key point of contention. In a special roundtable, experts weigh in on whether a new agency should be… Continue reading
Dec 25 Up Next on Capitol Hill: Financial Reform With the end of the health care battle finally in sight (Democrats are talking about getting a bill to the President's desk by some time in February), there is plenty of talk here in Washington among reporters, lawmakers and… Continue reading
Sep 23 Joe Stiglitz on How the G-20 Should Tackle Global Financial Reform By Business Desk Editor’s note: Paul recently sat down with economist and Nobel laureate Joseph Stiglitz to talk about the financial reform agenda at the G-20 meetings that begin tomorrow in Pittsburgh. Beyond offering thoughts on just what the G-20 countries can… Continue reading