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...

Obama Scorns Business Again with World Bank Choice

By Liz Peek

President Obama’s nomination of Jim Yong Kim to lead the World Bank has been called “inspired.” I call it revealing. That Obama tapped Kim is not so surprising; they have much in common. They both...
High Gas Prices? Blame Goldman Sachs

By Merrill Goozner, The Fiscal Times

In a move that could impact public perceptions about the cause of rising oil prices, consumer groups and some industrial are pushing the Obama administration to limit commodity speculation centered...
Obama's Big Spending Vision Gives Romney an Edge

By Edward Morrissey

With the Republican nomination almost in the bag, Barack Obama and his likely opponent, Mitt Romney gave competing visions of America in two dramatic speeches this week. Both argued for change, but...
Cordray Seeks Payback for Payday Predators

By Merrill Goozner, The Fiscal Times

The Federal Trade Commission is continuing its crackdown on companies that engage in predatory lending and false advertising aimed at poor people desperate to stay afloat in the current economy.
BofA CEO Made $8.1M in 2011

By RICK ROTHACKER, Reuters

Bank of America Corp Chief Executive Officer Brian Moynihan made $8.1 million in total compensation last year, more than four times the $1.9 million he received in 2010, according to a filing with...

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