AP - It was near the end of a long day and Sen. Christopher Dodd, in his shirt sleeves with 1,900 pages of proposed financial regulations stacked in front of him, had been scanning the hearing room of the House Financial Services Committee.
Senate Banking Committee Chairman Christopher Dodd unveiled a bill to revamp U.S. financial regulations. The plan calls for a consumer protection agency within the Federal Reserve and gives the central bank enhanced powers. Dodd discusses the measure. » E-Mail This » Add to Del.icio.us
"The markets are not rigged," said SEC Chair Mary Jo White in a House Financial Services Committee hearing today. There are only so many ways to say that and White likely used all of them as committee member after committee member brought up the claims published in Michael Lewis' latest book, 'Flashsboys: A Wall Street Revolt.'
With votes in danger because of a proposed $19-billion fee to large financial institutions, Sen. Christopher Dodd offers a plan to immediately end the $700-billion bailout fund as an alternative.
Scrambling to save the sweeping overhaul of financial regulations, Senate Banking Committee Chairman Christopher J.
Senate Banking Committee Chairman Christopher Dodd unveiled his plan to rewrite the nation's financial regulations. The bill released Monday calls for a council of regulators to oversee systemic risk and create a consumer protection agency at the Federal Reserve. » E-Mail This » Add to Del.icio.us
Bill Gross echoes my statements that Germany is poised for a big hit either by a piecemeal breakup of the eurozone, by Germany indefinitely ponying up more money to keep the eurozone intact, or by Germany saying it has had enough and goes back to the deutsche mark.
On Bloomberg TV’s “Market Makers” Bill Gross of PIMCO spoke to Erik Schatzker and Stephanie Ruhle today and said, “I would be leery of German bunds simply because there are only a few scenarios in which they can do well…Germany for me is a credit risk. It’s not an attractive market.”
After months of working with Republicans to fashion a joint overhaul of financial regulation, Sen. Christopher Dodd will go it alone Monday. As Banking Committee chairman, Dodd will unveil his proposal to rewrite regulations with the aim of avoiding another financial meltdown. Guest host Audie Cornish talks with NPR's John Ydstie about what to expect.
After deciding not to seek reelection, the Connecticut Democrat is poised to make the compromises necessary to push his proposed financial regulations through the Senate.
In deciding not to seek reelection, Sen. Christopher J.