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  • There has been much attention paid today to the language in the bill as it applies to the market making function of trading and to the parts of a banks’ derivatives business that must be segregated in a separately capitalized subsidiary.

  • How Bank Reform Will Affect Proprietary Trading Friday, 25 Jun 2010 | 3:31 PM ET

    Kate Kelly's insight into why large banks are concerned about language that was taken out of the Volcker Rule because it may cut into their market-making profits, which is at the core of what they do in trading stocks and bonds.

  • Crescenzi: FinReg—Fewer Unknown Unknowns Friday, 25 Jun 2010 | 11:46 AM ET

    Now, with financial reform set to be implemented in Washington, there will be fewer unknown unknowns. This will contribute to a healing of the U.S. credit system. Moreover, the November election is likely to lead to more balance in the House and Senate, which means that the worst of the regulatory cloud and government involvement will soon pass. This could rally risk assets if this viewpoint becomes popular. Still, challenges remain.

  • Santelli & Dobbs Talk Tea Party Power Friday, 25 Jun 2010 | 10:58 AM ET

    So what exactly is the real message of the tea parties? And how large an impact will they have on the upcoming elections? These are just a couple of the questions I posed to my old friends Rick Santelli and Lou Dobbs on last night’s Kudlow Report.

  • This Won't Prevent Another Crisis: Isaac Friday, 25 Jun 2010 | 9:56 AM ET
    Government Regulation

    The financial regulation bill agreed upon by Congressional leaders overnight is too weak and will not reform the system, Williams Isaac, former chiarman of the FDIC, told CNBC.

  • Obama 'Gratified' by Deal on Financial Overhaul Friday, 25 Jun 2010 | 9:33 AM ET
    President Barack Obama

    President Barack Obama says he's "gratified" by the deal that Congress has worked out on overhauling Wall Street rules.

  • The real work now, the real test for President Obama and Treasury Secretary Geithner, is to quickly bring the rest of the world along on the only reforms that will truly protect the global financial system from crisis in the future: common standards for the appropriate quantity and quality of capital, and acceptable levels of leverage and liquidity.

  • Emotional Finish to Wall Street Reform Marathon Friday, 25 Jun 2010 | 7:51 AM ET

    At 5.06am lawmakers voted to name the financial reform bill after Barney Frank and Chris Dodd, the chairmen of the House financial services and Senate banking committees.

  • GOP Shoots Down Business Tax Breaks, Jobless Aid Thursday, 24 Jun 2010 | 6:51 PM ET
    Unemployment line

    A Democratic plan to provide additional aid to jobless workers, businesses and cash-strapped states failed in the U.S. Senate on Thursday in the face of solid Republican opposition.

  • Financial Reform Will Cause Credit Crunch: Sen. Gregg Thursday, 24 Jun 2010 | 12:39 PM ET

    The US will face a severe credit crunch if the financial regulation bill passes in its current form, Sen. Judd Gregg (R-NH) told CNBC Thursday.

  • Sluggish Growth for Rest of 2010: Goldman Economist Wednesday, 23 Jun 2010 | 5:44 PM ET

    The US should expect a notable slowdown in GDP growth, to ½ percent, during the second half of this year, Jan Hatzius, chief US economist at Goldman Sachs, told CNBC Wednesday.

  • Mob Money: Organized Crime Still Big Business Tuesday, 22 Jun 2010 | 1:55 PM ET
    John Gotti

    While the days of the flamboyant “Dapper Don” are over, New York's  five major crime families—Bonanno, Colombo, Gambino, Genovese and Lucchese—are still functioning. And more importantly, they’re still making money.

  • Oil Remains King in Russia, But for How Long? Tuesday, 22 Jun 2010 | 12:46 PM ET
    Russia

    One of the major topics of conversation at the just-concluded economic forum in St. Petersburg, Russia, was energy, specifically oil and the situation in the Gulf. That’s not surprising, as Russia is very rich in oil, natural gas and other commodities.

  • Gulf Prepares for Possible Blackouts Tuesday, 22 Jun 2010 | 11:14 AM ET
    A Greenpeace activist walks on an oil-covered beach along the Gulf of Mexico on May 20, 2010 near Venice, Louisiana. Although BP says that it is capturing more of the massive oil leak, thousands of barrels continue gushing into the Gulf south of the Louisiana coast.

    Blackouts are one more possible problem related to the BP oil spill for the residents of the Gulf of Mexico region. If that happens, the power outages have the potential to impact homes and businesses from western Louisiana to eastern Florida.

  • New financial services regulations will be so disastrous that Congress will need to repeal them to undo the damage they will cause, banking analyst Dick Bove said Monday.

  • 'Give BP Some Credit': Feinberg Monday, 21 Jun 2010 | 11:29 AM ET
    A sign warns the public away from the beach on Grand Isle, Louisiana. With oil covering many of the beaches, officials closed them to the public indefinitely on Saturday. Officials now say that it may be impossible to clean the coastal wetlands affected by the massive oil spill that continues gushing in the Gulf of Mexico.

    BP deserves acknowledgement for the claims it has made to date to the Gulf of Mexico region and its residents and its agreement last week with the government to pay out some $20 billion, Ken Feinberg, BP escrow account administrator, told CNBC Monday.

  • Banking Lobbyists Make a Run at Reform Measures Monday, 21 Jun 2010 | 10:34 AM ET
    Former U.S. Federal Reserve Chairman Paul Volcker

    Industry lobbyists — and sympathetic members of Congress — are pushing for provisions to undercut a central pillar of the financial reform legislation, known as the Volcker Rule, which would forbid banks from using their own money to make risky wagers on the market and would force them to sell off hedge funds and private equity units. The NYT reports.

  • Derivatives Could Grow Under New Rules: Citi CEO Friday, 18 Jun 2010 | 4:47 PM ET
    Vikram Pandit

    Running derivatives through clearinghouses, part of the proposed financial regulations reforms now in Congress, will make them more secure and eventually may pump up their volume, Vikram Pandit, CEO of Citigroup told CNBC Friday.

  • Public Will Demand More Oil Regulation: Conoco CEO Friday, 18 Jun 2010 | 1:43 PM ET
    James Mulva

    The public, both the American and those throughout the world, will demand greater regulation of the oil industry in light of the BP  Gulf of Mexico spill, James Mulva, chairman and CEO of industry giant ConocoPhillips,  told CNBC Friday.

  • Cousteau Says Technology Can Clean Gulf Oil Now Thursday, 17 Jun 2010 | 6:52 PM ET
    A dead fish coated in heavy oil floats near shore June 4, 2010 near East Grand Terre Island, Louisiana.

    Facilities, by a company called Ecospshere Technologies, could be put in place within days to help lessen the damage of the BP Gulf oil spill and capture the oil for later processing, Jean-Michel Cousteau, president and founder of the Ocean Futures Society, told CNBC Thursday.