JOBS Bill Under Fire by SEC, NASAA, Consumer Advocates
A bill that started out as seven separate pieces of legislation intended to benefit business startups and stimulate job creation is coming in for criticism as it heads to the Senate, as opponents say that it does away with consumer protection.
The Warren Effect
Elizabeth Warren presents a conundrum for Wall Street. She is a forceful, well-prepared critic of the financial industry.
Enron Bankruptcy 10 Years Later: Before Bailouts Were Big
Though just a decade ago, the Enron era in some ways seems to belong to another era—a time when failing companies met with bankruptcy rather than bailouts.
Democrats Propose to Extend, Expand Payroll Tax Cut; Republicans Scoff
Senate Democrats on Monday urged Congress to extend the tax cuts now in place for employers and employees, but Republicans countered that the tax holiday should end because it isn’t stimulating the economy.
Senate Democrats: GOP Cuts to SEC Could Mean Another Madoff
Top Senate Democrats sent a letter to the leader of the House Appropriations Committee House appropriators on Tuesday criticizing Republican’s proposed cuts to the SEC, calling them “unacceptable and counterproductive.”
Ryan Offers GOP's Long-Term Budget Plan; Talks on Govt. Shutdown Falter
U.S. House Budget Committee Chairman Paul Ryan presented a budget that would cut $5.8 trillion in spending over 10 years, as fiscal-year budget talks fall apart.
Dodd Bill: Industry Groups See Worms In That Can
The Restoring American Financial Stability Act of 2009 discussion draft is long enough to have room for many troubling provisions, insurance industry Congress watchers say.
The Perfect Ponzi
At the time of this writing, the Bernie Madoff story is the most popular topic in America. A quick Google search reveals countless newspaper, magazine,...
Senate proposes ban on 401(k) debit cards
Debit cards linked to 401(k) accounts are far too easy to abuse, lawmakers are saying. For every $1,000 drawn from retirement savings, an estimated $10,000...
What's the Real Threat to Wall Street?
Worries about erosion in Wall Street dominance of global financial markets have been getting a lot of play lately. The Treasury department has been reviewing...