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  • Goldman Sachs Did Nothing Illegal: Clinton Friday, 14 May 2010 | 11:30 AM ET
    Former U.S. President Bill Clinton seen speaking during the inaugural Rural Summit in Washington, DC

    Former President Bill Clinton says it is "time to lower the rhetoric and talk about the facts," in reference to the government's scrutiny of Wall Street.

  • With Obama, Regulations Are Back in Fashion Thursday, 13 May 2010 | 11:01 AM ET
    President Barack Obama

    Over the last year, the Obama administration has pressed forward on hundreds of new mandates, while also stepping up enforcement of rules by increasing the ranks of inspectors and imposing higher fines for violations. The New York Times explains.

  • Big Majority Believes US Still in Recession: Poll Wednesday, 12 May 2010 | 6:30 PM ET
    US Capitol Building with cash

    Public attitudes toward the economy have created ominous political problems for the Democratic Party and for Wall Street, according to the new NBC News/Wall Street Journal poll.

  • Change In Financial Bill Makes Bank Tax More Likely Monday, 10 May 2010 | 3:42 PM ET

    The Senate’s decision to drop a $50-billion resolution fund from its package of financial reforms increases the chance that the Obama administration can push through a controversial $90-billion bank tax.

  • Some fear the bill will wind up giving preferential treatment to big firms, while others worry that the American taxpayer will remain on the hook, much the way it happened with the near failuremof AIG and others in 2008.

  • Busch: Financial Regulatory Reform—The Dam Breaks! Thursday, 29 Apr 2010 | 1:39 PM ET

    After three entire days, the Republicans finally relented Wednesday after reducing bailout language in the current Dodd bill, but the debate and amendment process is just beginning.

  • Tony Fratto: You Say You Want A Resolution? Thursday, 29 Apr 2010 | 12:34 PM ET

    Every now and then an idea takes hold that is, conceptually, so elegant and alluring as to be nearly irresistible. Resolution authority – like the call of the Sirens – has enchanted every US official who was in a decision-making capacity during the financial crisis.

  • What is a Market Maker? Wednesday, 28 Apr 2010 | 11:43 AM ET

    The job of a market maker is to determine a price at which the trader is willing to buy a particular product AND a price at which that same trader will sell that same product at the same moment in time. Yes – a market maker will give you a price to buy, or sell – and they are generally indifferent to what you do, they just want you to do business.

  • Stage Set for Another Clash Over Financial Reform Bill Wednesday, 28 Apr 2010 | 10:43 AM ET
    Senate Banking, Housing and Urban Affairs Committee Chairman Christopher J. Dodd (D-CT) and ranking member Sen. Richard C. Shelby (R-AL)

    Senate Democrats Wednesday prepared for a third procedural vote to advance a sweeping financial reform bill, after the latest round of talks on a bipartisan compromise appeared to yield no agreement.

  • Senators Tackle Facebook Privacy Settings Tuesday, 27 Apr 2010 | 1:58 PM ET

    Today four democratic senators — Charles Schumer, Michael Bennet, Mark Begich, and Al Franken — wrote a letter to Facebook CEO Mark Zuckerberg asking him to review the company's policies. They say they "look forward to the FTC examining the issue," and they're asking the FTC to get involved.

  • Senate Banking, Housing and Urban Affairs Committee Chairman Christopher J. Dodd (D-CT) and ranking member Sen. Richard C. Shelby (R-AL)

    Democrats and Republicans keep talking about finding a bipartisan compromise but they'll have to agree enough to simply get the legislation on the Senate floor for debate.

  • Politics Are Polluting Financial Reform Debate Monday, 26 Apr 2010 | 2:21 PM ET
    Government Regulation

    The blame for the real politicization of the process should be laid at the feet of Senate Minority Leader Mitch McConnell, who charged that Democrats wanted to create a system to bailout the banks.

  • Government Regulation

    While the focus in Washington this week is on the forensics of Goldman Sachs’ actions during the financial crisis, and the outlook for domestic financial regulatory reform legislation, scant attention has been paid to the need for reforms to bring greater safety and stability to the global financial system.

  • While this is a heavy duty inside-the-beltway item, it has everything to do with whether the US government will be able to continue to prop up zombie institutions or pick winners and losers in the private sector.

  • Senate Minority Leader Mitch McConnell (R-KY)

    With the Senate scheduled to begin debate on a financial overhaul bill this week, the fraud suit against the Wall Street titan Goldman Sachs has emboldened Democrats to ratchet up pressure on Republicans who oppose the Obama administration’s proposal.

  • President Barack Obama

    President Barack Obama is preparing to travel outside Washington in the coming weeks to sell his proposal for financial regulatory reform to the country.

  • Another Crisis Ahead if No Financial Reforms: Obama Saturday, 17 Apr 2010 | 9:56 AM ET
    President Barack Obama

    The overhaul is the next major piece of legislation that Obama wants to sign into law this year, but solid GOP opposition in the Senate is jeopardizing that goal.

  • Finance Bill Consensus on a Point: No Bailouts Friday, 16 Apr 2010 | 10:20 AM ET
    US House Minority leader John Boehner looks on as Senate Minority leader Mitch McConnell speaks to reporters following their meeting with President Barack Obama and the bipartisan Congressional leadership about the financial reform.

    As the Obama administration and Senate Republicans clash over the future of the nation’s financial regulatory system, there is one principle on which they agree: Taxpayers should never again have to bail out giant financial institutions.

  • President Barack Obama (C) speaks during a meeting on financial reform. Obama and Vice President Joe Biden met with Speaker Nancy Pelosi (2ndL), Senator Harry Reid(R), Senator Mitch McConnell, Congressman John Boehner(L), and Congressman Steny Hoyer, focusing to reform Wall Street.

    The White House and Democratic Congressional leaders said Wednesday that they would press forward with legislation to tighten regulation of the nation’s financial system. Rebuffing Republican criticism, the Democrats effectively dared the minority party to side with Wall Street by opposing the measure.

  • Hold the Pork! Congress Cuts Spending on Pet Projects Wednesday, 14 Apr 2010 | 3:51 PM ET
    Piglet

    When it comes to earmarks—lawmakers spending on their pet projects—Congress has gone on a diet. Earmarks have declined 10.2 percent in the 2009 fiscal year.