Posts Tagged ‘

Barney frank

Barney Frank becomes too liberal for Massachusetts

Barney Frank, co-author of the eponymous Dodd-Frank financial legislation, will announce on Monday afternoon that he won’t be running for re-election in 2012.

Frank thus follows co-author Chris Dodd into retirement from Congressional politics. More…

Dodd-Frank, Titles I thru XVI

What joy! The Dodd-Frank Wall Street Reform and Consumer Protection Act has been published in full. It’s only about 2,300 pages across 1,600 or so sections, but if you are pressed for time see this 10 page summary. More…

The (excruciating) language of reform

We are still waiting for a definitive text of the Wall St reform package agreed on Capitol Hill in the early hours of Friday morning. When posted it should be available here, on the House Financial Services Committee website. More…

Barney Frank wants $442.1bn from banks

And he wants it from these four: Bank of America, Wells Fargo, Chase and Citi.

The chairman of the House Financial Services Committee wrote to the heads of the four banks on Monday, asking the banks to write down their second-lien mortgages in order to save US housing. More…

Are we witnessing contagion of outrage?

On Thursday, the Federal Reserve became the latest institution to feel a sudden, aggressive backdraft.

A joint ambush by Republicans and Democrats of the House Financial Services Committee left America’s central bank facing a comprehensive audit of its activities for the first time, More…

Barney Frank, pragmatic derivatives defender

According to a Bloomberg report on Tuesday, a senior Morgan Stanley executive was quite pleased with the “significant improvements” made by Barney Frank to the Obama administration’s proposal for regulating over the counter (OTC) derivatives. More…