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Tag Archives: Financial Regulatory Reform
Political Cartoons: Michael Ramirez
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Senator Dodd’s Regulation Plan: 14 Fatal Flaws
by James Gattuso The Senate is expected to take up a proposal, originally authored by Senator Chris Dodd (D–CT), to reform the financial regulatory system in the U.S. The goal is clear: to minimize the chances that another financial crisis—and bailouts—will arise again. The objective is a good one. Unfortunately, the 1,408-page bill includes numerous [...]
Richard Trumka: I’m Marching Today to Make Wall Street Pay
Our message is simple: Big Banks tanked our economy and took our money when they needed a bailout. Now they’re thumbing their noses at our communities but making billions in profits. It’s time they pay up. Read Complete article at huffingtonpost.com [Editor's Commentary: The above sound byte is one of the most ridiculous utterances I [...]
Max Baucus: A Bank Tax is Coming
It was a short hallway conversation but spoke volumes about the dilemma facing Democrats, hungry for new revenues after emptying the cupboard on health care reform. “I don’t think there’s much doubt that there will be a bank tax,” Senate Finance Committee Chairman Max Baucus told POLITICO. And more than ever, the Montana Democrat signaled [...]
Posted in Banks, Business, Congress, Democrats, Economy, Politico, Solid Principles, Wall Street
Tagged as: "pay-go", Bank Tax, Banks, Democrats, Financial Regulatory Reform, Max Baucus, Politico
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Dodd’s Job-Killer: Slapping Main St., Not Wall St.
By MARK A. CALABRIA The financial-regulatory bill now before Congress is a fraud: Under cover of “reforming” Wall Street, it would inflict tremendous costs on Main Street. All the fresh publicity about alleged dirty doings by Goldman Sachs, etc., is beside the point: Senate Banking Committee Chairman Christopher Dodd (D-Conn.) has produced a bill that [...]
