Bloomberg polls the masses, and finds that they do not think much of the Dodd-Frank Wall Street reform bill. Some headline numbers:
At the Huffington Post, Ryan Grim reports that Sen. Ben Nelson (D-Neb.) has capitulated and decided to vote for financial regulatory reform legislation. Yesterday, he surprised reporters by announcing that he was not a firm yes for the bill, due to concerns over the leadership of the not-yet-existent More…
Sen. Olympia Snowe (R-Maine) signed on overnight, meaning that the sweeping Dodd-Frank financial regulatory reform bill, the Obama administration’s second signature piece of legislation, has the votes to pass. A final vote is expected for Thursday, and Obama is likely to sign the bill into law that day.
But More…
The New York Times has an excellent in-depth interview with Paul Volcker, the former chair of the Federal Reserve, an advocate for the current financial regulatory reform bill — which will likely pass the Senate and become law toward the end of this week — and the author More…
In the past few days, both The Washington Post and Politico have run stories on the dramatic drop in contributions from Wall Street donors to Democrats. From the Post’s story:
A revolt among big donors on Wall Street is hurting fundraising for the Democrats’ two congressional campaign committees, with
The head of the consumer financial protection agency will have authority over a far-reaching and uniquely powerful new government agency — able to make and enforce rules regarding just about every consumer financial product save, sadly, for car loans made by auto dealers. It is a powerful gig, controlling More…
CNN has done the hard work of parsing the Dodd-Frank financial regulatory reform bill, and has found that the final version calls for a whopping 68 studies — more than twice the number of previous estimates.
Instead of toughening up ethical and marketing standards for financial planners, Congress
I’ve been focusing intently on the jobs situation and unemployment extension bill this week, but here’s a roundup of the need-to-know news on the Wall Street or financial regulatory reform bill. The House passed the conference committee version with bipartisan support, and now it only needs Senate approval to More…
The best explanatory writing about the final financial regulatory reform bill will happen this weekend, rather than today. Why? Last night, the members of Congress convened did much of their negotiating behind closed doors, and made dozens of minute changes to complicated provisions up until 5:39 a.m., and reporters don’t More…
Two days from now, the conference committee reconciling the House and Senate versions of financial regulatory reform should be done and the bill will be set. That means there are only two days for conferees to push their exemptions and carve-outs, as well as bolstered measures, into the bill. The More…
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