June 26th, 2010

Sheila Bair blesses
the Finance Reform bill

Posted in Money by ed

If Sheila is happy I guess I must be happy.

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3 comments

  1. ed says:

    As she indicates, much of the proof will be in the regulations that her agency (FDIC) and others promulgate with the authority given by the Cong legislation.

    Thus the lobbyists turn …

    http://www.nytimes.com/2010/06/27/business/27regulate.html?hp

    June 27th, 2010 at 10:14 am

  2. ed says:

    John Reed is NOT happy with the bill:

    The most damning comment … was offered by former Citigroup co-chief executive John Reed, who had worked with Rubin to get Glass-Steagall reversed and now is a sharp critic of the result.

    “We continue to listen to the same people whose errors in judgment were central to the problem,” Reed told Bloomberg News.

    “I’m astounded because we basically dropped the world’s biggest economy because of an error in bank management.”

    Reed estimated that the financial deregulation proposals contained in the Dodd-Frank bill and other reforms of the Obama administration represent only 25 percent of the change needed.

    http://www.truth-out.org/robert-scheer-in-money-changers-we-trust66383

    January 11th, 2011 at 9:06 am

  3. ed says:

    Time passes and things get watered down.

    Times says the zombie banks are about to win the battle of re-regulation:

    http://www.nytimes.com/2011/04/10/opinion/10sun1.html

    April 13th, 2011 at 11:44 am

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