Legislation Regulations

  • Goldman Sachs Chairman and CEO Lloyd Blankfein

    Goldman Sachs CEO Lloyd Blankfein addressed employees in a voicemail message, urging them to remain focused in the wake of civil fraud charges filed against the investment bank by the Securities and Exchange Commission.

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    The societal benefits of obscure financial products are negligible, and regulation of the financial industry won’t hamper US competitiveness, according House Banking Committee Chairman Barney Frank told CNBC Monday.

  • Robert Khuzami

    S.E.C. Enforcement Director Robert Khuzami told CNBC that pursuing fraud related to the financial crisis is a top priority at the agency, after the agency filed a  $1 billion fraud charge  against Goldman Sachs.

  • 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.

  • Goldman Sachs

    As Wall Street considers the implications of the Goldman Sachs fraud investigation European governments and regulators are beginning to formulate their response.

  • Government lawyers are facing many potential pitfalls as they attempt to prove the civil fraud charges against Goldman Sachs.

  • Goldman Sachs

    Accusations that Goldman defrauded customers who bought investments tied to risky subprime mortgages have only just begun to reverberate through the financial world, reports the New York Times.

  • 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.

  • James Cameron

    You don’t have to be the director of the world’s highest grossing film to get a meeting with the President at the White House. But it doesn’t hurt.

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    The SEC filed a civil suit against Goldman Sachs on Friday accusing the financial giant of making "misleading statements and omissions" in connections with CDOs that were structured and marketed to investors.

  • A participant at a Tea Party Express rally displays a sign critical of the Obama administration on April 13, 2010 in Albany, New York. The Tea Party Express will head to Boston on Wednesday where the headline speaker at an afternoon rally will be Sarah Palin.

    So much is being written in the mainstream media about who the tea partiers are, but very little is being recorded about what these folks are actually saying.

  • 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.

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    New York Attorney General Andrew Cuomo confirmed his office is investigating former Obama administration auto industry advisor Steven Rattner, in a growing probe into illegal kickbacks involving the state pension fund.

  • 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.

  • "There are so many taxes, I have three different tax attorneys that have to advise me on them." Good for tax attorneys. But not good for so many others.

  • In the spirit of tax week, here's a terrific video hosted by my old friend Dan Mitchell showing how a flat tax would benefit American families and businesses.

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    The number of new tax laws in recent years has been staggering. In 2009 alone, the American Recovery and Reinvestment Act added hundreds of new provisions and changed many existing laws...And we haven't even begun to mention tax law changes affecting businesses.

  • Federal Reserve

    I think it’s increasingly evident that the Fed’s exit strategy — the unwinding of fiscal stimulus policies that have been in place for some time now — is under way.

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    Tomorrow, President Obama appropriately pivots from nuclear terrorism to financial regulatory reform. The President set a deadline date for this bill to come to the floor and be finished by Memorial Day.

  • Avon Products has put four executives on administrative leave, including three in China and one in New York, as part of an investigation of bribery allegations.