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...

Wall St. Widens Income Gap as Bonuses Take a Leap

By Suzanne McGee, The Fiscal Times

Working on Wall Street is expected to get a little more lucrative this year. If you’re a trader and you don’t work for scandal-tarnished JPMorgan Chase (JPM) or Barclays (BCS), then you may see your...
Jim Rogers on the Coming Fiscal ‘Catastrophe’

By Yuval Rosenberg

As the U.S. heads for the fiscal cliff at the end of the year, the chairman of Rogers Holdings has been outspoken about the consequences of the country’s growing national debt.
Standard Chartered: More Cracks in Regulatory System

By Suzanne McGee, The Fiscal Times

That was quick. British bank Standard Chartered PLC has agreed to pay $340 million to settle claims by the New York State Department of Financial Services that it conspired to hide some $250 billion...
Hit ‘Em Where It Hurts: Will Clawing Back Money Work?

By Suzanne McGee, The Fiscal Times

When Ina Drew stepped down from her senior management post at JPMorgan Chase earlier this year, in the wake of revelations that a London-based trader under her supervision had lost billions of...
Canada Takes Tough Stance on Pension Fund Relief

By LOUISE EGAN and SUSAN TAYLOR, Reuters

Conservative Canada is taking a different tack than Washington on the thorny issue of helping companies fund their widening pension gaps, shrugging off corporate pleas for relief even as the United...

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