Sen. Chris Dodd (D-Conn.) on Friday defended his 1136-page financial overhaul plan from criticism leveled by top Obama administration officials. Dodd’s plan limits the role of the Federal Reserve to setting …
Read Original Story: Sen. Dodd deflects administration criticism of financial overhaul – The Hill
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
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
Senator Chris Dodd’s (D-CT) approach to overhaul financial industry regulations is scheduled to be debated next week in the Senate Banking Committee with a mark-up of the bill starting in early December. This bill is sold as an effort …
Read Original Story: Congress Creating Big Brother for Wall Street – Big Government (blog)
WASHINGTON (Reuters) – A top economic adviser to US President Barack Obama warned on Friday that the urgency for changing the rules of the road for financial firms may be waning and urged Congress to act while the general public is focused on banking …
Read Original Story: Obama aide: urgency for regulation may be fading – Reuters
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
WASHINGTON — Consumer advocates love the new consumer protection agency included in the financial industry overhaul that Senate Banking Committee Chairman Christopher Dodd, D-Conn., proposed this week. "It’s quite strong," said Edmund …
Read Original Story: Dodd consumer groups love isn't the Dodd from last year – MiamiHerald.com
WASHINGTON, Nov 13 (Reuters) – The Obama administration on Friday pushed back against a proposal in the US Senate to create a single bank super-regulator and strip the Federal Reserve of its supervisory powers. …
Read Original Story: WRAPUP 1-Obama administration faults Senate bank bill – Reuters
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
WASHINGTON (MNI) – As House Financial Services Committee Chairman Barney Frank prepares next week to make the final push to complete his financial regulatory reform bill, Senate Banking Committee Chairman Chris Dodd is preparing to launch his effort to …
Read Original Story: As us's Frank Finishes Off Reg Reform, Sen. Dodd Set To Begin – Market News International
