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The Volcker rule, named for former Federal Reserve Chairman Paul Volcker, attempts to modernize the Glass-Steagall firewall between commercial and investment banks for the 21st century.
Tags » Glass-Steagall Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act turned five this week. The bill did not eliminate bad actors. But as economist Dean Baker explained in a… 1,280 more words
It looks like corporate governance just might be a hot topic for the Democratic presidential primary debates. Who’d have guessed?
Senators Elizabeth Warren, John McCain, Maria Cantwell, and Angus King have proposed a new Glass-Steagall bill. 1,105 more words
During the video The Warning, there were references to:
the demise of Lehman Brothers http://www.pbs.org/wgbh/pages/frontline/meltdown/themes/lehman.html
Procter & Gamble suing Bankers Trust for selling P&G toxic derivatives… 277 more words
WASHINGTON (AP) — Democrat Martin O’Malley is making tougher oversight of Wall Street a centerpiece of his presidential campaign, outlining steps to bring more regulations to large banks and tax high-frequency trading. 208 more words