In President Obama's second term, financial regulation would finally appear to have the leverage. Wall Street spent zillions on Mitt Romney, who had promised to roll back financial reform, and lost. Elizabeth Warren now sits in the world's greatest deliberative body.... Read more»
The internal watchdog for the Commodity Futures Trading Commission flunked a recent review of its auditing operations, raising questions about its ability to prevent fraud, waste, and abuse within the agency that will soon police the multi-trillion-dollar derivatives market. ... Read more»
Major banks with at least $50 billion in assets and any other companies that are designated as systemically important will be subject to stricter regulation to protect the U.S. financial system from another meltdown. ... Read more»
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