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...

Former Employee Tightens the Screws on Goldman Sachs

By Suzanne McGee, The Fiscal Times

Is Greg Smith disingenuous? Willfully blind? Machiavellian? Deluded? Peeved by the size of his bonus and feeling vindictive? Or simply stupid? Whatever the case, the now-former Goldman Sachs banker...
The Game Plan that Lets Romney Beat Obama

By Liz Peek

It’s time for Republicans to stop mewing like sick kittens and get on with ejecting President Obama from the White House. Like Victorian mothers fussing over their daughters, pundits on the right can...
4 Big Auditors Spend Millions to Lobby Congress

By David Ingram and DENA AUBIN, Reuters

The world's largest accounting and auditing firms, known as the Big Four, have been pumping more money than ever before into U.S. lobbying and political campaigns as they confront new challenges from...
JOBS Bill Opens Door to Growth…and Scam Artists

By Suzanne McGee, The Fiscal Times

First the good news that you’ve already heard about: even though the unemployment rate didn’t dip in February, the economy was strong enough to create 227,000 new jobs , the third month in a row that...
Jurors Deadlocked in Stanford Fraud Trial

By ANNA DRIVER and EILEEN O'GRADY, Reuters

The jury weighing evidence against Allen Stanford said on Monday it was unable to reach a verdict in the trial of the former Texas financier. Stanford, on trial in federal court in Houston, is...

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