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Shuffling Derivatives Reforms

June 3, 2010 - by Donny Shaw

According to reports, Blanche Lincoln's tough provision requiring banks to "spin-off" their derivatives trading operations into separate entities that would not have access to discount Fed money and an FDIC guaranteeis going to be dropped next week by the conference commitee negotiating teh final financial reform bill. But the provision is giving reform advocates a chance to push once again for the almost-as-tough Merkley-Levin "Volcker Rule" amendment, which was blocked by Senate Republicans and bank lobbyists from even getting a vote during the Senate debate.

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Congress Links

February 1, 2010 - by Eric Naing

President Obama's 2011 budget dropped today and grabbed most of the headlines, but it wasn't the only thing happening on Capitol Hill. Here's what you might have missed: The Washington Post chronicles the slow death of the Consumer Financial Protection Agency. What once was a key component of President Obama's plan to regulate the financial industry has slowly lost more and more of its teeth as the proposal works its way through the legislative process. The House already passed a version of th...

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