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Barclays, one of the UK’s largest banks, has a balance sheet of about 2.5 trillion pounds ($3.8 trillion), roughly the size of the UK’s annual gross domestic product. Barclays was also at the center of the Libor... Read More
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
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
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
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
  The CFTC recently brought and settled a landmark enforcement case against Panther Energy Trading and their principal, Michael Coscia. The case marks the first enforcement action aimed at the disruptive practice of... Read More
Shocking but true: Wall Street’s too-big-to-fail banks, all backed by the US taxpayer, are big players in the commodities markets. Yep, in addition to their massive commodity derivatives activities, they are also... Read More
  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
  "Tim Russert is dead. "But the room was alive. "Big Ticket Washington Funerals can make such great networking opportunities. Power mourners keep stampeding down the red carpets of the Kennedy Center... Read More
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
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
   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
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
     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
     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
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
     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
     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