Clik here to view.
New Dems, NY Reps Wage All-Out Assault on Derivatives Reform
Derivatives won’t officially come up in the Wall Street reform conference committee until next week. But we’re already seeing a lot of behind-the-scenes work. Blanche Lincoln, that tireless slayer of...
View ArticleClik here to view.
Cantwell Flips, Will Support FinReg
Last night, Maria Cantwell announced her support of the Dodd Frank financial reform bill, citing a letter from Commodity Futures Trading Commission chief Gary Gensler ensuring her that the derivatives...
View ArticleClik here to view.
Flash Crash Panel Recommends Financial Transaction Tax
It would have been easy to miss this the past few days, given everything going on. But are you aware that a panel of experts basically said regulators should consider a financial transaction tax, as...
View ArticleClik here to view.
Geithner Poised to Gut New Derivatives Rules with Foreign Exchange Swaps...
I’ve said for many months now that Dodd-Frank was not a bill, but a promise to write a bill later. The implementation process lay ahead, and that meant that regulators would have the ability to...
View ArticleClik here to view.
Geithner Pries Away $30 Trillion ForEx Derivative Market from Regulation
Zach Carter reports on a blow to efforts to regulate the runaway derivatives market. Just as most derivatives are set to be put onto clearinghouses, Treasury Secretary Timothy Geithner exempted a large...
View ArticleClik here to view.
Revolving Door Watch: Goldman Alums on Opposite Sides of Regulatory Inquiry
The Jon Corzine MF Global case looks pretty cut and dried. Corzine, who has resigned as chairman and CEO of the firm, presided over the company when they went bankrupt and as they used reportedly...
View ArticleClik here to view.
Corzine on MF Global Depositor Funds: “I simply do not know where the money is”
Former Senator Jon Corzine faces a House Agriculture Committee panel today, where he will testify that he doesn’t know “where the money is” from customer accounts that was used by his former company,...
View ArticleClik here to view.
Senate Banking Committee Holds First Round of Hearings on Fail Whale Trades
Federal regulators maintained at a Senate Banking Committee hearing yesterday that investigations against JPMorgan Chase were ongoing, but that several factors, especially the funding of their...
View ArticleClik here to view.
CFTC Chairman: LIBOR Still “Not Clean” Was Often “Completely Made Up”
Gary Gensler, the head of the Commodities Future Trading Commission (CFTC), has made a pretty depressing admission to the BBC. During an interview on one of the greater financial scandals in modern...
View Article
