Category Archives: Financial Reform

Ron Paul Triangulates Shelby

This ad has started showing up all over Huffington Post lately. Click it and you’ll visit Ron Paul’s Campaign For Liberty, otherwise known as C4L, where a set of Frank Luntz and Paulite talking points contains the following call to … Continue reading

Posted in Financial Reform, Gold Standard, Republicans Meet The Teabag Terror, Senator Shelby, financial crisis, financial regulation, firebaggers, ron paul | Leave a comment

Timing Is Everything

Big Oil and Coal have messed up in a very visible way lately. Conspiracy theory linking Upper Big Branch and the Gulf oil slick in 5, 4, 3… The summer will undoubtedly see any amount of climate-bill related media events … Continue reading

Posted in 11-Dimensional Chess, Energy, Financial Reform, climate change | Leave a comment

The New Death Panels

So the Senate finance reform bill has this provision in it that would require banks to pay into a kitty that would be used to liquidate future AIGs. Banks that are “too big to fail” would thus be allowed to … Continue reading

Posted in Financial Reform, Mitch McConnell | Leave a comment

A Thank You Note To Mitch McConnell

Senator, Thank you so much for achieving your 41-vote filibustering minority. You have reminded all of America which side you are on at the very instant the Obama administration has begun an offensive against Wall Street — starting with Goldman … Continue reading

Posted in Financial Derivatives, Financial Reform, financial crisis, financial regulation | 3 Comments

Once More Unto The Breach

With seventy-seven percent of America wanting to see banks atone for the financial crisis, Chris Dodd pivoted the national conversation away from health care reform the day after it passed. The Senate is skipping the committee process and going straight … Continue reading

Posted in Financial Reform | Leave a comment

Shelby Is Chaff

My Senator (he says with a sigh) is planning to “run out the clock” on financial reform. The American Banking Association calls it good strategy: “And from the Republicans’ point of view, every week that passes is, say, Senator Shelby, … Continue reading

Posted in Financial Reform, Richard Shelby, financial regulation | 1 Comment

Consumer Financial Protection Bureau

Yes, firebaggers, Dodd has killed the CFPA after all…and replaced it with a CFPB that has authority to rewrite all lending rules. Elizabeth Warren loves it, but I’m sure someone can explain to me how it’s still a sellout because … Continue reading

Posted in 11-Dimensional Chess, Financial Reform, financial crisis, financial meltdown, financial regulation | Leave a comment

Dodd Breaks w/GOP on CFPA

Chris Dodd’s decision to cut off negotiations with Republicans on a consumer finance protection agency has shocked Washington. Nasiripour suggests that Dodd’s decision was likely influenced by the outcry from progressives and other pro-reform groups who argued that Dodd, a … Continue reading

Posted in Financial Reform, financial regulation | Leave a comment

Failure to Disclose

Via Shahien Nasiripour at HuffPo: The examiner in charge of investigating the bankruptcy of venerable Wall Street investment house Lehman Brothers, the most expensive bankruptcy in U.S. history, said in a report publicly released Thursday that senior officials failed to … Continue reading

Posted in Financial Reform, financial crisis, financial meltdown, financial regulation | Leave a comment

On The Record

The CFPA still isn’t dead, either: The Consumer Financial Protection Agency, a cornerstone of banking reform, won’t go down without a floor flight. Sen. Jack Reed of Rhode Island, the third-ranking Democrat on the Banking Committee, will introduce an amendment … Continue reading

Posted in 11-Dimensional Chess, Budget Reconciliation, Financial Reform, public option | Leave a comment

No Democrats Left To Whip

The Consumer Finance Protection Agency seems to be joining the public option as a reform that is supposedly dead. Arianna Huffington summarizes the progressive view (emphasis mine): On Saturday, Dodd told Bloomberg Television’s Al Hunt that he prefers an independent … Continue reading

Posted in 11-Dimensional Chess, Financial Reform, public option | 2 Comments