by Zach Carter | May 18, 2010 | Blog, Financial Reform
Some version of Wall Street reform is going to pass the Senate this week. The question now is how strong that reform will be. There are still three crucial battles to be waged, all of which would significantly change the way Wall Street does business. We will not fix...
by Zach Carter | May 13, 2010 | Blog, Financial Reform
The top Republican fundraiser in the Senate, John Cornyn of Texas, just gave a preposterous speech on Wall Street reform in which he pushed the plan recently promoted recently by disgraced J.P. Morgan Economist James Glassman. Cornyn is opposing the use of a...
by Zach Carter | May 12, 2010 | Blog, Financial Reform
There are two consumer protection amendments getting serious attention on the Senate floor this week, one of them positive, one of them incredibly destructive. Both revolve around the concept of "preemption"—the ability of federal regulators to block states from...
by Zach Carter | May 11, 2010 | Blog, Financial Reform
The Senate approved an amendment from Sen. Bernie Sanders, I-Vt., that would subject the Federal Reserve's bailout operations to a one-time audit. The vote was 96 - 0 in favor of the measure. A stronger audit, sponsored by Reps. Alan Grayson, D-Fla., and Ron Paul,...
by Zach Carter | May 10, 2010 | Blog, Financial Reform
Last week, Congress decided it would not confront Too Big To Fail, the single gravest threat to our collective financial security. But there are still several key Wall Street reforms worth fighting for—reforms that must be enacted before the next crisis hits. And...
