banking

Here’s something to keep in mind as President Obama unveils his financial regulatory overhaul plan today. Baseline Scenario helpfully offers a list of questions that the administration will either address or avoid as it rolls out its proposals. How Obama frames the debate will play a big part in how successfully the plan goes forward, [...]

One of the ideas for financial regulatory reform that President Barack Obama will outline today is the creation of a new Consumer Financial Protection Agency, modeled after a proposal from Troubled Asset Relief Program watchdog Elizabeth Warren for a Financial Products Safety Comission. As The Washington Post explains, this would be a new federal agency [...]

The Washington Post reports that President Obama today will roll out his plan to increase regulation of the financial system.
The plan seeks to overhaul the nation’s outdated system of financial regulations. Senior officials debated using a bulldozer to clear the way for fundamental reforms but decided instead to build within the shell of the existing [...]

It’s not easy to recall, but the cornerstone of the administration’s policy to stabilize the banking system is the so-called PPIP — the Public-Private Investment Partnerships designed to help get troubled assets off the balance sheets of the nation’s banks. The idea was to use up to $100 billion in remaining Troubled Asset Relief Program [...]

That’s perhaps the boldest declaration in the joint statement from G-20 world leaders meeting today in London.
The communiqué, which pledges $1.1 trillion in global stimulus spending and tighter supervision and regulation of the global economy, did not commit the leaders to another round of stimulus spending as President Obama wanted, nor cross-border financial regulation as [...]

Shocks like falling home prices intensify as they move through the convoluted chains of dealings that now link world markets.

In an interview with ABC’s Charlie Gibson Thursday, Sen. John McCain said his “Homeownership Resurgence Plan” to allow the federal government to buy up bad debt from banks and allow people to refinance mortgages they can no longer pay, may require $300 billion in “new money.”
New money, as in, additional to the $700 billion [...]

Wall Street is lobbying hard on a bill it sees as a gold mine.