Tag Archives: Financial Regulatory Reform

Confidence Game

Posted on September 24, 2010 at 11:34 am by Bob Cesca

So yesterday we find out that a foreclosure processor signed off on 10,000 documents per month without reading them. Does this stuff never end? Speaking of financial chicanery, I recently was introduced to an excellent book called Confidence Game, written … Continue reading →

Posted in Uncategorized | Tagged , , , , | Comments Off

POTUS Versus Hedge Fund Jagoff

Posted on September 20, 2010 at 5:54 pm by Bob Cesca

From today’s town hall, here’s the president disassembling a hedge fund assbag: I wrote this after the first big Question Time thing with the Republicans and I’ll say it a thousand times more: the president’s approval numbers would be in … Continue reading →

Posted in President Obama | Tagged , , , , | Comments Off

The Pipe Dream Realized

Posted on September 17, 2010 at 4:17 pm by Bob Cesca

Ezra Klein reports on the Elizabeth Warren conference call today: The White House held a conference call today for Elizabeth Warren and various bloggers and writers. Most of it was what you’d expect, but Warren did mention that Rep. Barney … Continue reading →

Posted in President Obama | Tagged , , , | Comments Off

It's Elizabeth Warren

Posted on September 15, 2010 at 6:47 pm by Bob Cesca

The president is appointing Warren as the interim head of the Consumer Financial Protection Bureau. Warren could serve until Obama nominates a permanent director — a nomination he’s not required to make for some time. Obama could also nominate her … Continue reading →

Posted in Economy | Tagged , , | Comments Off

WTF?

Posted on September 14, 2010 at 2:33 pm by Bob Cesca

Chris Dodd is threatening to block Elizabeth Warren: Outgoing Senator Chris Dodd (D-Conn.) warned Tuesday that an interim appointment of Elizabeth Warren to head the Consumer Financial Protection Bureau “jeopardizes the existence” of the nascent agency. [...] “I’m not enthusiastic … Continue reading →

Posted in Economy | Tagged , , , | Comments Off

Some Good News

Posted on September 13, 2010 at 9:36 pm by Bob Cesca

This would pretty much rule the damn school. The White House is considering appointing Elizabeth Warren as interim head of the Consumer Financial Protection Bureau, bypassing a likely Senate confirmation battle, according to sources. Under the Dodd-Frank regulatory reform law … Continue reading →

Posted in Economy | Tagged , , , | Comments Off

Embarrassing But Fair

Posted on August 16, 2010 at 9:09 am by Bob Cesca

Starting now… Unless a consumer chooses to opt-in for overdraft protection, their ATM and debit purchases will be declined if an account has insufficient funds. My bank tried like hell to corral us into an overdraft protection plan. There must … Continue reading →

Posted in Economy | Tagged , , , , , | Comments Off

Financial Reform Overview

Posted on July 22, 2010 at 3:33 pm by Bob Cesca

Karoli brings us this very helpful and informative overview of what’s in the FinReg bill. In particular, this jumped off the page: The end of “too big to fail” Yes, it really does end too big to fail. If institutions … Continue reading →

Posted in Economy | Tagged , | Comments Off

Another Achievement To Be Ignored

Posted on July 21, 2010 at 5:48 pm by Bob Cesca

Today: President Obama this morning signed into law the most sweeping reforms of the financial industry since the New Deal. In an 18-month stretch that includes a variety of historic achievements, Wall Street reform has to rank pretty high on … Continue reading →

Posted in Economy | Tagged , , , | Comments Off

Feingold Channels Nelson and Lieberman

Posted on June 29, 2010 at 11:24 am by Bob Cesca

By now, you’re probably aware that Russ Feingold is voting against financial regulatory reform because it doesn’t go far enough. His vote could actually doom the legislation to failure, not unlike Lieberman’s or Nelson’s vote at various stages in the … Continue reading →

Posted in Economy | Tagged , , , , , | Comments Off