Sunlight is the best disinfectant. For that reason, Rep. Barney Frank (D-Mass.) has endorsed airing on C-SPAN the conference committee’s negotiations, as the panel of legislators merges the House and Senate versions of financial regulatory reform. But wait! Now it seems the conference committee might not air negotiations — just More…
Rep. Barney Frank (D-Mass.) will head the conference committee charged with reconciling the House and Senate versions of financial regulatory reform. The committee is comprised of legislators who worked on the initial bills, from the Senate Banking Committee, House Financial Services Committee and Senate Agriculture committee. The Senate might name More…
Today, Sen. Chris Dodd (D-Conn.) and Rep. Barney Frank (D-Mass.) said that some parts of the conference committee hashing out the final financial regulatory reform bill will be public, with other negotiations remaining private.
But Brian Beutler of Talking Points Memo reports that Republicans are pushing to put More…
I’m just starting to dig through an advance copy of “The Promise,” Jonathan Alter’s new book on President Obama’s first year in office, set for publication on May 18. But there are some great nuggets right at the start. Alter describes the chaotic scene at a Sept. 25, 2008, More…
Tomorrow, the House Financial Services Committee, headed by Rep. Barney Frank (D-Mass.), will hear testimony regarding the Valukas Report — a lawyer’s examination of the collapse of the investment bank Lehman Brothers, which uncovered fraudulent actions, including the now-infamous “Repo 105” accounting trick.
Tomorrow, the House Financial Services Committee, headed by Rep. Barney Frank (D-Mass.), starts a series of hearings on mortgage modification and the housing market. The schedule is as follows:
As job creation continues to be the caboose of economic recovery, employment experts of all stripes are hiking the pressure on Congress to tackle the crisis by encouraging employers to cut hours rather than firing workers. And more and more lawmakers are taking heed.
Seventeen states have already adopted so-called More…
Taking a quick cue from Massachusetts, the Obama administration is putting on its populist hat this week to take on the nation’s largest financial institutions in the name of consumer protection. The president’s proposal — which would prevent large Wall Street firms that trade outside of their clients’ More…
Here’s the letter from Rep. Edolphus Towns (D-N.Y.), chairman of the House Oversight and Government Reform Committee, asking Treasury Secretary Tim Geithner to testify later this month on the more than $60 billion filtered to Goldman Sachs and other Wall Street giants as part of the AIG bailout. Bloomberg News More…
The economy continued down its rough road in 2009, with any hope of a quick recovery dashed by a rising wave of foreclosures and unemployment. Banks reined in lending to consumers and businesses while Wall Street firms pulled down record profits and offered generous bonuses. Perhaps the biggest economic More…
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