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"This is not the time for the usual demands by business for fewer regulations and lower taxes. The economy is too fragile and the deficit too high — in no small part because the George W. Bush administration spent... Read More
"In recent weeks, lawyers and Wall Street trade groups have gathered in Washington to ponder the next big case. Lawyers branded one meeting, held by the  United States Chamber of Commerce, as 'Dodd-Frank... Read More
"Global economic policymakers who looked in the medicine cabinet this week as their patient began to show signs of a recessionary relapse will not have liked what they found. Some of the best treatments have run out and... Read More
"Rising funding costs for European banks are stoking fears that they could be forced to cut back lending and drag down the already struggling world economy." Read the full story at Financial Times
"Representative Barney Frank, a Democrat of Massachusetts, got it exactly right this week when he asked the Federal Reserve to do more than just rubber-stamp the proposed purchase of the online bank, ING Direct, by... Read More
"The Securities and Exchange Commission did not have authority to dispose of investigation documents that the agency had been routinely purging since 1993, the National Archives and Records Administration said."... Read More
"Unemployment rates rose in July in more than half the states for the second straight month, evidence that job growth remains weak nationwide." Read the full story at The Washington Post
"... for a coterie of economists who have studied decades of downturns, the recovery from the most recent recession is likely to be one of the most difficult and protracted in U.S. history, simply because of the... Read More
"In an 80-page letter to federal regulators, a former Moody’s senior vice president says the firm systematically squelched its analysts’ private doubts to keep deals and profits flowing." Read the full... Read More
"Confidence in the sputtering US economy took another blow as a raft of grim data on manufacturing, inflation, lay-offs and housing added to escalating fears over global growth." Read the full story at The... Read More
"Fear that the US economy is like an aircraft – and has a “stall speed” at which it will suddenly lose traction and tumble – has been an important influence on both investors and the US Federal... Read More
"Bank of America — still struggling to iron out the portfolio of bad loans it acquired by buying the giant mortgage lender Countrywide Financial in 2008 — is an extreme case, but it is not alone. Just three... Read More
If the Commodity Futures Trading Commission receives the funding it's asking for, the once-niche National Futures Association will be given an unprecedented role in overseeing major banks' activities in the swaps and... Read More
"NYSE Euronext has stepped up has stepped up its battle with CME Group for the interest-rate futures market, luring three new clearing members to its five-month-old venture that aims to break the Chicago group'... Read More
It’s the kind of thing that the Securities and Exchange Commission might want to look into. First the company froze out investors with small holdings, cashing them out at a very low price. Within days, it began... Read More
"The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial... Read More
U.S. Representative Barney Frank has asked the Federal Reserve to extend its examination of Capital One Financial Corp.'s purchase of ING Direct USA. “This proposed purchase would create the fifth-... Read More
Federal and state regulators, signaling their growing worry that Europe's debt crisis could spill into the U.S. banking system, are intensifying their scrutiny of the U.S. arms of Europe's biggest banks, according to... Read More
"When the government announced in April that the economy had grown at a moderate annual pace of 1.8 percent in the first quarter, politicians and investors saw evidence that the nation was continuing its recovery from... Read More
"In order to receive money from the Treasury Department's Troubled Asset Relief Program at the height of the financial crisis, banks had to agree to pay a 5% dividend on the preferred stock they issued to Treasury... Read More