Occupy The SEC Sues Fed, SEC, CFTC, FDIC, Treasury

By: Friday March 1, 2013 6:00 am

Occupy The SEC, one of Occupy Wall Street’s offshoots, has filed a lawsuit in hopes of forcing regulators to (finally) finalize the Volker Rule – a provision within the Dodd-Frank Act of 2010. Three years later many of the rules that Congress punted to regulators in the law have not even been made let alone [...]

Obama Considering Ruth Porat For Deputy Treasury Secretary Despite Dodd-Frank Lobbying

By: Tuesday January 15, 2013 7:29 am

Optics-obsessed Washington’s latest issue is a lack of women in high profile positions in the Obama Administration. The issue for Obama previously was not a lack of women but their treatment in his administration. Regardless, the President has now floated two women for positions within his administration. From Bloomberg: President Barack Obama is considering two [...]

Goldman Sachs Caught Prop Trading Again

By: Thursday January 10, 2013 5:48 am

Despite new regulations and outright promises from CEO Lloyd Blankfein, Goldman Sachs is once again engaging in proprietary trading. A practice that lead to a $550 million fine from the SEC when Goldman Sachs mislead clients in order to promote its own accounts. The solution under Dodd-Frank to this behavior was the Volker Rule but [...]

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