Jeff Connaughton: “The public interest has become so outgunned”

By: Thursday October 4, 2012 11:33 am

Before last night’s debate, Jeff Connaughton, former chief of staff to Senator Ted Kaufman and longtime aide to Joe Biden and President Clinton, offered some advice to Mitt Romney. He thought Romney should go after Barack Obama’s biggest weakness: the failure to prosecute Wall Street crimes. In actuality, Romney only submitted a glancing blow with [...]

Nevada AG Masto Reluctant to Settle With Banks on Foreclosure Fraud, Release Liability

By: Tuesday August 16, 2011 7:30 am

You can add another Attorney General to the list of those wary of giving the big banks a liability release in any settlement of foreclosure fraud issues. This time it’s Nevada’s Catherine Cortez Masto: Nevada Attorney General Catherine Cortez Masto, whose office sued Bank of America Corp. (BAC) and is conducting civil and criminal foreclosure [...]

One Year After Dodd-Frank, Still Waiting for Financial Regulatory Reform

By: Wednesday July 20, 2011 1:55 pm

The Affordable Care Act turns one year old tomorrow. The biggest impact of that will be that the Consumer Financial Protection Bureau will go into operation at the Federal Reserve. But it’s also a good opportunity to assess the law. Clearly, implementation has been an ordeal where the finance lobby tries to win among regulators [...]

Congressional Oversight Panel Report Highlights Systemic Risk of Foreclosure Fraud

By: Tuesday November 16, 2010 7:27 am

“Clear and uncontested property rights are the foundation of the housing market. If these rights fall into question, that foundation could collapse.” -Ted Kaufman, Congressional Oversight Panel, November 16, 2010 The Congressional Oversight Panel, the TARP watchdog program formerly chaired by Elizabeth Warren and now helmed by former Senator Ted Kaufman, has released a report [...]

Chris Coons Talks on Trade, Taxes, Manufacturing, Stimulus

By: Wednesday September 22, 2010 12:49 pm

The freak show has come to staid, pedestrian Delaware, in the form of Christine O’Donnell and her litany of crazy. But while the national media and late-night comics focus on condoms, masturbation and witchcraft, the man who is likely to become the next Senator from the state has quietly gone about his business. Chris Coons [...]

Elizabeth Warren’s Champions: Franken, Kaufman, Dr. Phil (?)

By: Thursday August 5, 2010 7:25 am

The expectation is that the new nominee for the Consumer Financial Protection Bureau will get announced sometime during the August recess. So now is the time to mass action in support of Elizabeth Warren’s nomination, progressives feel. That’s why the PCCC and their new Washington lobby shop, P Street, are working with Al Franken to [...]

Banks Break Law, Pay Small Fines, Go Back to Breaking Law

By: Saturday July 17, 2010 7:11 am

I’m a bit surprised that Ted Kaufman, whose eloquent speech on FinReg said exactly what needed to be said about that legislation, was so pleased with the SEC settlement with Goldman Sachs for $550 million dollars. He says that the case proves that the SEC is back on the beat, that Goldman only made $15 [...]

Ted Kaufman’s Indictment of Government: The FinReg Speech

By: Thursday July 15, 2010 1:29 pm

Some days just don’t fit well with blogging, and this is one of them. It’s particularly distressing that this is a major news day: BP says they capped the well (finally), FinReg passes (finally) and the SEC’s about to announce a settlement with Goldman Sachs. Those are important stories I can hopefully dig into with [...]

Treasury Department’s Priority List For FinReg Doesn’t Include Derivatives

By: Thursday May 27, 2010 12:52 pm

Annie Lowrey prints a list of priorities from Neal Wolin, the deputy Treasury Seceretary, for the conference committee of the Wall Street reform bill. Wolin made the remarks at the annual conference of FINRA. You can measure this blueprint for what Treasury seeks out of conference against what a bank reformer like Sen. Ted Kaufman [...]

Kaufman Lays Out FinReg Conference Game Plan

By: Wednesday May 26, 2010 2:09 pm

Barney Frank announced his conferees for the Wall Street reform bill Wednesday, and he made the important point that the focus on the specific names is a little misplaced. The views of the leadership, and the White House, and what can garner the requisite votes, will factor into the ultimate decisions as much as the [...]

FinReg Passes The Senate After Banksters Stare Down Auto Dealers

By: Thursday May 20, 2010 6:26 pm

So I leave for just a couple of hours, and the story I’ve been following for weeks comes to a resolution. Sheesh… OK, so here’s what happened, as best as I can tell. Last I left things, cloture had passed on the Wall Street reform bill, but there were two outstanding post-cloture amendments. One concerned [...]

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