By David Hirschmann
Earlier this month, former S.E.C Chairman Arthur Levitt published an Op-Ed piece in The New York Times, entitled “Don’t Gut the S.E.C.” Mr. Levitt sees only two approaches to regulatory reform when it comes to his former agency: on the one hand, retaining the status quo, or, on the other hand, in his words, “gutting” or “eviscerating” the agency.
We are… Read more »
By Gerri Willis
Published July 27, 2011
| FOXBusiness
Meet your new bosses. Financial bosses that is.
There's Deven Sharma, the president of Standard & Poor's, and Michael Rowan, a global managing director of Moody's Investors Service.
Both testified today in front of the House Committee on Financial Services. Two men, two companies, all with the power to make your financial… Read more »
The kind of agency the Harvard professor was for before she was against it.
In the hyperbole department, does anyone do it better than Elizabeth Warren? Yesterday she told reporters that today's House vote on a Consumer Financial Protection Bureau reform bill is an effort to "try and kill this agency." Little did we know that accountability and murder were synonymous in the Harvard law… Read more »
By. Representative Jeb Hensarling (R-Texas)
Some anniversaries are better left uncelebrated and the one-year anniversary of the enactment of the 2010 Dodd-Frank Act is certainly one of them. Of all the federal government’s confidence killers over the past several years—from the failed “stimulus” package to the government takeover of health care—the Dodd-Frank Act ranks right with them as… Read more »
By Rep. Spencer Bachus
Politico
The Dodd-Frank Act has been described by supporters and opponents alike as the most sweeping reform of the financial services industry since the Great Depression. It can also be described as a story of the “good, the bad and the ugly.”
A few of its provisions represent useful reforms to a financial system that came close to the brink of collapse in… Read more »
Mortgage guarantees made by Fannie Mae and Freddie Mac in the coming decade are expected to cost the government another $42 billion, the Congressional Budget Office said Thursday.
The mortgage giants were seized by regulators and placed into a federal conservatorship in September 2008 as housing prices tumbled nationwide and foreclosures climbed.
Through the end of March, the government… Read more »
By Rep. Blaine Luetkemeyer
Roll Call
June 2, 2011
Our country still has a long way to go to get our nation’s fiscal house in order, but the new tone of the debate is a step in the right direction.
The economic woes of the United States will not be solved in one budget alone. Our fiscal mess took years of uncontrollable spending by both parties, and as a nation we must make… Read more »
By: Rep. Spencer Bachus
May 27, 2011
Because the Dodd-Frank Act places so much authority — with so little accountability — in the hands of the director of the new Consumer Financial Protection Bureau, the law requires that this administrator be nominated by the… Read more »
The Obama administration's approval of $34.4 million for six top officials, with little or no market guidance, is raising new questions about the inner workings of the failing mortgage giants. John Solomon and Julie Vorman, of the Center for Public Integrity's iWatch News, report. Read more »
US futures regulators warned of splits in derivatives rules between the US and Europe and told lawmakers that budgetary restraints would leave them unable to enforce new laws. Read the story here: http://www.ft.com/intl/cms/s/0/4dea6cdc-8701-11e0-92df-00144feabdc0.html?ftcamp=rss#axzz1NTBvW0Kz
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