Financial Regulation

The Republican Retreat From Market-Based Regulation

By Mark Thoma

During the debate over the repeal of Obamacare, Republicans made frequent reference to their desire for a “free market” for health care. This is consistent with the GOP’s long-standing support of...
Who’s Watching Wall Street? The Feds Turn a Blind Eye to Goldman’s Game

By David Dayen

Why are House Republicans working so hard to repeal Wall Street reform when regulators have shown so much willingness to neglect tougher laws?
You Get What You Pay For: Banks Spent Billions on Lobbying During the Election

By Pete Schroeder, Reuters

Banks and other financial companies expecting big benefits from Republican-led deregulation spent record amounts on lobbying in the last election cycle, according to an advocacy group report released...
The One Way Trump’s Administration Really Is a Fine-Tuned Machine

By David Dayen

The government-by-mood-ring fluctuations of the Trump presidency have corrected the myth that politicians conjure up devious plans to manipulate the public years in advance. It’s beyond clear that...
Trump the Populist Is Trying to Hobble a Champion of the Little Guy

By Ciro Scotti

After being bested by Hillary Clinton in a primary contest that saw the deck stacked against him by the Clinton Machine, Bernie is back in the Senate doing what he has always done for the past 30-odd...

Overhauling Dodd-Frank May Not Succeed, but Also May Not Matter

By Liz Peek

Nancy Pelosi says President Trump’s call to reshape Dodd-Frank is a “massive con” and that he is putting #WallStreetFirst. Sadly, she has set the tone for Congressional Democrats, siding with...
Populist on the Trail, Trump Pivots Toward the Banking Industry

By Rob Garver

After a campaign spent railing against his opponent’s connections to Wall Street banks and promising to stand up for ordinary Americans against the moneyed interests holding them back, President...
In the Trump Administration, Credibility May be a Problem

By Mark Thoma

As a department chair at a university, you learn that a promise from the Dean or anyone else in the administration is good for about five years. That’s approximately how long Deans last, on average,...
Here’s Who Wins With Trump’s Order to Slash Regulations

By Rob Garver

Trump on Monday morning signed an executive order on Reducing Regulation and Controlling Regulatory Costs. The order is unquestionably a gift to the business community, which constantly complains of...
How the GOP Could Wipe Out Federal Regulations in One Easy Step

By Rob Garver

A new interpretation of an old law may allow Republicans to wipe out decades of federal regulations. Congressional Republicans have been eager to dismantle many of former president Barack Obama’s...

Big Bank 'Living Wills' Are a Failure — and Point to a Bigger Problem

By David Dayen

The very need to devise a living will, not just the failure to deliver a credible one, is itself an indication that these companies are just too big, that the risks of their existence far outweigh...
Drug Companies Are Winning on Risky Off-Label Marketing

By Eric Pianin

There was a time when major pharmaceutical companies were buffeted with harsh civil and criminal penalties for marketing their drugs for purposes other than approved by the Food and Drug...
This CEO Got $142 Million More Than He Deserved

By Yuval Rosenberg

How much does the average CEO of a major U.S. company make? The Rock Center for Corporate Governance at Stanford University asked that question, more or less, as part of a recent survey designed to...
The Deutsche Bank Saga Proves We Haven’t Fixed Too Big to Fail

By David Dayen

Every confident prediction from Dodd-Frank boosters that “too big to fail” is a thing of the past must contend with what happened to Deutsche Bank this week. When the company faced a potential...
Major Banks Facing $120 Billion Shortfall

By Dan Freed, Reuters

Six of the eight globally systemically important U.S. banks need to raise an additional $120 billion to comply with a regulatory requirement proposed Friday by the Federal Reserve. The requirements...

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