Obama administration officials on Friday criticized the central plank of the Senate Banking chairman’s sweeping proposal to overhaul regulation of the financial system, thrusting into the public a debate that has been bubbling beneath the surface. …
Read Original Story: Administration Officials Criticize Sen. Dodd's Banking Plan – CQPolitics.com
Nov. 13 (Bloomberg) — The Federal Reserve is “best equipped” to supervise the biggest, most complex financial firms, Deputy Treasury Secretary Neal Wolin said. The Obama administration continues to back the central bank as the …
Read Original Story: Fed Should Oversee Too-Big-to-Fail Financial Firms, Wolin Says – Bloomberg
Our money system is not what we have been led to believe. The creation of money has been "privatized," or taken over by a private money cartel. Except for coins, all of our money is now created as …
Read Original Story: Why we must nationalize the Federal Reserve – OpEdNews
Nov. 13 (Bloomberg) — Austan Goolsbee, a White House economic adviser, said he doesn’t believe that the repeal of the 1933 Glass-Steagall Act, which set the stage for mergers of commercial and investment banks, was a primary cause …
Read Original Story: Goolsbee Says Glass-Steagall Repeal Wasn'ta Cause of Crisis – Bloomberg
With a recent proposal presented by Senate Banking Committee Chairman Chris Dodd, now both branches of Congress are working on reforms for the country’s financial system, which would include regulations regarding credit cards. …
Read Original Story: Senate plan would strip Fed of power – Credit.com News
Nov. 13 (Bloomberg) — Austan Goolsbee, a White House economic adviser, said Senator Christopher Dodd’s proposal to strip the Federal Reserve of its authority to oversee banks and create a single regulator could lead to confusion …
Read Original Story: Goolsbee Says Dodd Single-Regulator Plan Could Create Confusion – Bloomberg
Senior Obama administration officials criticized a key provision of a Senate plan to overhaul the regulation of financial services, warning Friday that removing bank-oversight powers from the Federal Reserve…
Read Original Story: White House Backs Fed Oversight Role – Wall Street Journal
Christopher Dodd, chairman of the Senate Banking Committee, last week unveiled his long-awaited financial overhaul plan, a first draft of a gigantic omnibus bill he plans to formally introduce in the next couple of weeks. …
Read Original Story: The chairman has spoken – The Daily Deal (subscription)
WASHINGTON, Nov 13 (Reuters) – The US Federal Reserve is best equipped to supervise the largest, most complex firms, a top US Treasury official said on Friday. "No regulator had a perfect record leading up to the crisis," Deputy Secretary Neal Wolin …
Read Original Story: UPDATE 1-US Treasury's Wolin: Fed best equipped to supervise – Reuters
Nov. 14 (Bloomberg) — Two Obama administration officials stood up for the Federal Reserve after a key senator proposed stripping the central bank of its authority to supervise banks. Austan Goolsbee, a White …
Read Original Story: Obama Officials Defend Fed's Supervisory Role Against Dodd Plan – Bloomberg
