Should Pay Be Political?
Bloomberg news has an article on Wall Street pay revealing that the CEOs of many large banks have taken big pay cuts in the past… Read More
Bloomberg news has an article on Wall Street pay revealing that the CEOs of many large banks have taken big pay cuts in the past… Read More
Senate Democrats secretly agree that Sen. Blanche Lincoln’s (D-AR) proposal to attempt to impose a complete separating on credit default swaps and credit providers (i.e. banks)… Read More
As debate on the Wall Street “Reform” bill winds down in the Senate, Sen. Byron Dorgan (D-ND) is still pushing his ban on “naked” credit… Read More
Senators Kerry and Lieberman have introduced their “compromise” climate change legislation that relies largely on a “cap and trade” scheme to reduce carbon emissions. Even… Read More
It makes a future market melt-down more likely. Today the Senate takes up Senator Blanche Lincoln’s amendment to regulate over-the-counter derivatives. The Lincoln bill is… Read More
The Wall Street Journal reports that Barack Obama’s favorite capitalist, Warren Buffet, is seeking an exemption from Obama-endorsed derivatives rules for his insurance-and-everything conglomerate, Berkshire… Read More
Sponsors of derivatives “reform” legislation claim it will reduce costs to derivatives users. Just how more government regulation is supposed to reduce costs in the… Read More
One of many bureaucratic boondoggles in the Senate financial “reform” legislation is a “Bureau of Consumer Financial Protection Protection.” Just how exactly would the proposed… Read More
So now President Obama is threatening to veto financial reform legislation Democratic leaders in Congress are working to pass if it is not tough enough… Read More
Senator Chris Dodd’s monstrous 1336-page financial reform draft includes a whopping 217 pages devoted to “improving” over-the-counter derivatives markets. Dodd the derivatives section may be… Read More
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