July 31, 2013
July 11, 2013 - Senate Full Banking Committee hearing entitled "Mitigating Systemic Risk Through Wall Street Reforms."
Chairman Johnson's opening statement set the purpose of the hearing as an examination of the progress being made in the implementation of the Dodd/Frank Act.. The Committee received testimony from the principles and... Read More
July 31, 2013
July 9, 2013 - House Financial Services Oversight Subcommittee hearin gentitled "Examining Constitutionality Deficiencies and Legal Uncertainities in the Dodd/Frank Act.'
At issue are two authorities provided to regulators in the Dodd/Frank Act that, in the opinion of some legal scholars, may be inconsistent with constitutional guarantees of due process. Further, the structure of a new... Read More
July 29, 2013
In a don’t-miss blog post, Themis Trading, experts on the dangers of high frequency computer trading, takes issue with a new HFT report from an ostensibly independent think tank, Third Way. Themis takes on the... Read More
July 26, 2013
The New York Times recently reported that Goldman Sachs has been profiting from artificially inflating aluminum prices. Goldman Sachs and others have been storing over a million tons of aluminum in warehouses in Detroit... Read More
July 22, 2013
The Senate Committee on Agriculture, Nutrition and Forestry held an important hearing on July 17, 2013 on the “Reauthorization of the Commodity Futures Trading Commission (CFTC)". This is critical... Read More
July 17, 2013
The Senate Committee on Agriculture, Nutrition and Forestry held an important hearing on July 17, 2013 on the “Reauthorization of the Commodity Futures Trading Commission (CFTC)". This is critical because... Read More
June 26, 2013
Six U.S. Senators wrote a letter today to Treasury Secretary Lew jumping into the heated debate about whether or not the CFTC should finalize its cross border regulation, which Wall Street, its allies and others are fighting... Read More
June 26, 2013
June 26, 2013 - House Financial Services Full Committee hearing entitled "Examining How the Dodd/frank Act Could Result in More Taxpayer Funded Bailouts."
Committee Chairman Hensarling opened the hearing with a statement that concluded the Dodd/Frank Act did not ban Too-Big-To-Fail federal bailouts but actually codified them. His views are based on his belief that... Read More
June 21, 2013
The CFTC's Regulation of Wall Street's High Risk Global Derivatives Bets Must Protect U.S. Taxpayers
This post has information on all aspects of the critically important issue referred to as "cross border" regulation, including an attached comprehensive summary Power Point on the latest meritless attempts to delay... Read More
June 20, 2013
June 18,2013 - House Financial Services Oversight and Investigations Subcommittee hearing entitled "CFPB Budget Review."
The Committee Staff Memo prepared for the hearing promised a session where the Congressional Panel would examine the purpose and propriety of past and planned obligations and expenditures on the... Read More
June 20, 2013
June 18, 2013 - House Financial Servicies Financial Institutions Subcommittee hearing entitled "How the Dodd/Frank Act Hampers Home Ownership."
Although the title of the hearing implied a current problem, the purpose of the Subcommittee session was to determine if the proposed CFPB rule on qualified mortgages would affect the mortgage market... Read More
June 19, 2013
Goldman Sachs' CEO Lloyd Blankfein was in DC recently and made a rare public appearance. It was, of course, all scripted for him to deliver talking points, look like a financial statesman and announce the latest... Read More
June 18, 2013
June 13, 2013 - Senate Banking Committee hearing entitled "Lessons Learned from the Financial Crisis Regarding Community Banks."
This hearing proved a historical context for the many smaller bank failure which occurred in the Untied States during the recent economic downturn. At the center of the hearing was a report authored... Read More
June 17, 2013
June 12, 2103 - House Financial Services Capital Markets Subcommittee hearing entitled "Reducing Barriers to Capital Formation."
SEC's critics have charges that it has not given sufficient priority to improving the environment for capital formation as required by the agency's mission. This hearing's purpose is to... Read More