Democrats Join Bid to Provide Safe Harbor For Mortgage Brokers

By: Wednesday July 18, 2012 11:02 am

The Consumer Financial Protection Bureau proved today it can engage in some fairly strong enforcement. Lawmakers in both parties want CFPB to ensure that individual homeowners cannot do the same thing. At issue are CFPB rules on mortgages, the first of many that will set new standards in the industry. A group of House Republicans [...]

House Doing Better Job at Dimon Hearing

By: Tuesday June 19, 2012 10:03 am

The House of Representatives, in some cases on a bipartisan basis, is generally getting at the issue of JPMorgan Chase’s multi-billion dollar losses in today’s Financial Services Committee hearing with CEO Jamie Dimon. Clearly, Dimon is miffed by even having to be present for this questioning, an emotion he mostly didn’t have to show before [...]

Brown Reintroduces Safe Banking Act

By: Wednesday May 9, 2012 1:37 pm

The big protest today in North Carolina had nothing to do with marriage equality. It was against Bank of America. While the issue of civil rights is incredibly important, so too is the issue of a runaway financial sector controlling the US economy and running it into the ground. And it tends to get Americans [...]

Berman-Sherman Debate Degrees of Belligerence Toward Iran

By: Wednesday February 22, 2012 7:06 am

If we see military action in Iran in the next several months, you can trace part of the reason back to a redistricting quirk in the San Fernando Valley. Rep. Howard Berman basically ran the state’s redistricting maps, through his brother, when they were drawn by the legislature. But California voters passed an initiative setting [...]

Writing on the Wall on Tax Cut Deal

By: Wednesday December 15, 2010 7:38 am

Sherrod Brown has come out in support of the tax cut legislation which will get a final vote this afternoon. He was one of the only 15 to vote against cloture on the bill on Monday. Basically, you’re going to get a near-unanimous majority in the Senate when final passage comes later today. The House [...]

FinReg Conference: House Republicans on Board with Nullifying Franken Amendment

By: Tuesday June 15, 2010 11:49 am

The conference committee for Wall Street reform finally got around to the title on credit rating agencies, and we saw a lot of unanimity on the House side for the offer written by Barney Frank, which would retain the language removing references to credit rating agencies from the regulatory code, but which would cancel out [...]

The State Of Play On Wall Street Reform

By: Friday April 23, 2010 11:31 am

Here’s where we’re at on the Wall Street reform, with a vote on a motion to proceed expected Monday: Republicans do not seem too interested in buckling. Richard Burr, one of their most threatened incumbents, said that his opponents would just find something else to criticize him over, so he has no problem voting to [...]

Dylan Ratigan Eviscerates Tim Geithner On AIG Emails, Fannie/Freddie Uncapping

By: Monday January 11, 2010 2:02 pm

Dylan Ratigan has clearly been preparing for his initial run in a new show for MSNBC. Today he offered a detailed yet succinct brief against Treasury Secretary Timothy Geithner which covered a multitude of topics – the emails that show the NY Fed instructing AIG to hide information from SEC investigators, the uncapping of the [...]

Broad Opposition To Geithner Plan For Systemic Risk Regulation

By: Friday October 30, 2009 9:26 am

Showing a rare degree of unanimity, Democrats and progressive allies alike railed against Tim Geithner’s plan to deal with “too big to fail” banks and financial firms, calling it insufficient and, to some, “TARP on steroids.” It’s unusual to see such a diversity of opinion on the same side against the proposal. The bill would [...]

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