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Between the Hedges: Thursday Watch
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I wonder what Sen. Dodd's banking and hedge fund campaign contributors in Conn. think about this: http://bit.ly/2z8ltD 15 days ago |
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Clash Looms on Banks http://online.wsj.com/article/SB125738375151929771.html 15 days ago |
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WSJ's Damien Paletta reports on House/Senate dynamics on reg reform: http://online.wsj.com/article/SB125738375151929771.html 15 days ago |
Thursday Watch
Between the Hedges —
... "We clearly are going to have tax increases going forward," said Bruce Josten, executive vice president of the U.S. Chamber of Commerce. The latest changes to business taxes are contained in a measure that would extend unemployment benefits by as much as 20 weeks from the current 79 weeks. - A key Senate lawmaker is readying legislation that would dramatically redraw how the financial system is regulated, setting the chamber on a collision course with both the House of Representatives and the Obama administration, which have championed markedly different approaches. The bill, ...
Is Dodd on Collision Course Over Banking Bill?
DealBook —
... many of the largest financial conglomerates and provide for greater authority to intervene early if problems arise. Mr. Dodd’s bill, however, would strip almost all bank-supervision powers from the Federal Reserve and the Federal Deposit Insurance Corp., The Journal said, citing people familiar with the matter. Instead, it calls for the creation of a new agency in charge of supervising all banks and bank-holding companies, even the country’s largest and most complex institutions. Go to Article from The Wall Street Journal » ...
Dodd Proposes “Super-Regulator”
The Big Picture —
... even the country’s largest and most complex institutions.
Mr. Dodd’s proposal also would create a powerful council of regulators, overseen by an independent White House appointee, charged with monitoring risks to the financial system.”
There are lots of proposals floating around, and very few of them — this one included — actually addresses the underlying cause of the crisis . . .
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Source:
Clash Looms on Banks
DAMIAN PALETTA
WSJ, Nov. 5 2009 ...
Senator Dodd Proposes Major Financial Reform
Breaking News: CBS News —
Senate Banking Committee Chair Chris Dodd is planning to push a financial reform plan that would restructure the government's control of the banking industry, according to today's Wall Street Journal . Dodd, the Democratic senator from Connecticut, has been ...
