U.s. Financial System Overhaul | featured news

Auto dealers win while banks lose in Wall Street bill

Lawmakers on Tuesday spared auto dealers from new scrutiny and neared agreement on trading limits for banks as they raced to complete the biggest overhaul of the financial rule book since the 1930s.


Dodd to offer his own financial reform bill, saying bipartisan talks have failed

With time running out on the Senate calendar, the banking committee chairman says he wants the panel to begin considering the bill March 22, even though the GOP can block legislation.

With time running out this year for the Senate to deal with financial regulatory reform legislation, Senate Banking Committee Chairman Christopher Dodd said Thursday he plans to offer his own bill after lengthy bipartisan talks failed to produce a consensus.


Talks With G.O.P. on Financial Bill at ‘Impasse,’ Dodd Says

Talks With G.O.P. on Financial Bill at ‘Impasse,’ Dodd Says

Sen. Christopher J. Dodd indicated that Democrats would forge ahead with their own bill, following months of talks that had been aimed at reaching a bipartisan consensus.


Obama blasts banks for opposing financial overhaul

President Barack Obama singled out financial institutions for causing much of the economic tailspin and criticized their opposition to tighter federal oversight of their industry....


Obama embraces House financial overhaul bill

President Barack Obama on Tuesday embraced a House bill that would give the government unprecedented power to seize bank holding companies and other large financial firms teetering on the brink of collapse and stick their competitors with the cost....


Bernanke Urges Action on Reform

Bernanke called on Congress to act on financial reform efforts, as the central bank itself works to implement a number of measures that should help shore up the financial system.


Lobbyists To Fight Investor Protection Regulation

The financial sector ranks just behind the health industry in lobbying Congress this year: $223 million has been spent to influence financial reform efforts, according to the Center for Responsive Politics.

But Politico reports that the lobbying frenzy over "re-regulation" efforts is just beginning.


Treasury's Geithner takes heat at hearing on Obama financial reform plan

Some senators criticize a plan that would give the Federal Reserve more power to police large companies.


Obama's plan to overhaul financial regulations is seen abroad as a first step

The Obama administration's proposal to overhaul financial regulations, aimed in part at restoring global confidence in America's economic system, triggered a welcome but largely wait-and-see response from overseas investors and analysts.


Obama's Plan Falls Flat With Many Economists

Obama's Plan Falls Flat With Many Economists

President Obama said he was looking for a "careful balance" when sketching his blueprint to stabilize the nation's financial sector and wring from the system the kind of risky practices that propelled the country into economic turmoil.


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