regulation

Stories 41 - 60 | << Prev   Next >>

Health Care Bill a Bloated Mess
 Health Care Bill a Bloated Mess 
Charles Krauthammer
Nov 27, 2009 10:56 AM CST

Health Care Bill a Bloated Mess

Two-thousand page monster is 'irredeemable'

(Newser) - The Senate heath care reform bill is an “irredeemable” mess that would create “an overregulated, overbureaucratized system of surpassing arbitrariness and inefficiency,” rails Charles Krauthammer. The problem with our system is that it’s complicated and inefficient, and therefore expensive. But the 2,074-page Senate bill would...

Financial Reform: How to Prevent Another Greenspan
Financial Reform: How to Prevent Another Greenspan
Thomas Frank
Nov 11, 2009 9:44 AM CST

Financial Reform: How to Prevent Another Greenspan

Reform plans may hand regulation over to fervent deregulators

(Newser) - There's a lot riding on reform of the financial industry, but the administration's plans to overhaul financial regulation carries the seeds of its own destruction, writes Thomas Frank. Taking oversight away from the present confusing array of agencies and making the Federal Reserve One Big Regulator means that when the...

White House Move Bad News for Investors
White House Move Bad News for Investors
analysis
Nov 3, 2009 11:23 AM CST

White House Move Bad News for Investors

It's trying to weaken protections put in place after Enron

(Newser) - Belying its reputation as financial regulatory crusaders, the White House is quietly working to weaken a protection for everyday investors. Rahm Emanuel is pushing lawmakers to back an amendment that would exempt smaller companies from audits of their internal controls, sources tell the Huffington Post. The stricter controls, established by...

Dems Lash Out at Insurance Industry

They move to eliminate anti-trust exemption

(Newser) - All-out war broke out between the Democrats and the insurers today, with Chuck Schumer calling for an amendment to the health care bill that would remove the industry’s long-standing anti-trust immunity. Schumer called the exemption “one of the worst accidents of American history,” blaming it in part...

Obama to Wall Street: Prepare for Reform

(Newser) - President Obama visited Wall Street’s historic Federal Hall today, on the anniversary of Lehman Brothers' collapse, to make the case for the financial regulatory reforms wending their way through Congress. He spoke of the need for “strong rules of the road” for the financial system. “History cannot...

Banks Get Back to Risky Business as Usual

Plans to overhaul regulation losing momentum as banks return to health

(Newser) - Banks that teetered on the edge of extinction last year are returning to their old ways as the shock of the financial crisis fades, the Wall Street Journal reports. The banks are handing out hefty compensation packages again and dealing in the same risky financial instruments that caused last year's...

Frank Rewriting Wall Street Rules as Public Yawns

(Newser) - Barney Frank is working on the biggest legislation of his career, and no one seems to care. Frank, the chairman of the House Financial Services Committee, is preparing for markup sessions on a bill to revolutionize America’s financial regulatory structure. “It’s been eclipsed obviously in the public’...

SEC Lacks Smarts Needed to Tackle Shadowy Trades

...but doesn't have the technology or know-how, critics say

(Newser) - The Securities and Exchange Commission is stepping up its efforts to shine light on the market’s more shadowy corners, examining flash quotes, high-frequency trades, and so-called “dark pools.” But the agency just doesn’t have the technology or trading know-how to keep up, experts tell the Wall ...

Feds Probe Shady Market for Derivatives

Banks may have unfair edge in information on credit-default swaps

(Newser) - The Justice Department is probing the market for credit-default swaps, the largely unregulated derivatives that contributed to the financial crisis, Bloomberg reports. Justice is investigating whether big banks have unfair access to price information through their ownership of a private company that provides data to investors. The Obama administration wants...

Docs: We'll Quit If Obama Lifts Bush Abortion Rules

Analysts: older regs let health workers avoid certain procedures

(Newser) - Some doctors who oppose abortion say they’ll quit their jobs if President Obama repeals Bush regulations that allow health care professionals to refuse to perform operations that are in opposition with their beliefs, NPR reports. A Christian Medical Association report found that “90% of those surveyed said they...

Congress Wary of Fed's Growing Power
Congress Wary of Fed's Growing Power
ANALYSIS
Jun 19, 2009 8:30 AM CDT

Congress Wary of Fed's Growing Power

After decades of deference, legislators turn on central bank

(Newser) - Tim Geithner testified before the Senate Banking Committee yesterday, but as the Washington Post reports, it's not the Treasury but the Fed whose growing powers most worry legislators. Republicans and Democrats are both venting that Ben Bernanke's office did little to stop the excesses of the boom years, only to...

Obama's Bank Plan Punts on Tough Parts
Obama's Bank Plan Punts on Tough Parts
OPINION
Jun 19, 2009 7:48 AM CDT

Obama's Bank Plan Punts on Tough Parts

Krugman, Pearlstein agree: It doesn't address key problems

(Newser) - Barack Obama knows what caused the financial crisis, but his regulatory plan “basically punts on the question of how to keep it from happening all over again,” writes Paul Krugman in the New York Times. Obama’s plan takes the crucial step of regulating the “shadow banking”...

On Financial Reforms, Obama Is No FDR
On Financial Reforms, Obama Is No FDR
OPINION
Jun 18, 2009 12:02 PM CDT

On Financial Reforms, Obama Is No FDR

Proposed regulatory fixes don't actually fix much: Nocera

(Newser) - President Obama is hardly living up to the hype on fiscal regulatory reform, and he's not matching Franklin Roosevelt, either. When FDR reformed financial regulation, he transformed the industry, cheerfully making enemies in the process. Obama has been timid by comparison, writes Joe Nocera of the New York Times: “...

Obama Vows 'Light Touch' in Bank Regulation
Obama Vows 'Light Touch' in Bank Regulation
INTERVIEW
Jun 17, 2009 6:07 AM CDT

Obama Vows 'Light Touch' in Bank Regulation

Oversight measures aim for 'minimum' to avoid meltdown

(Newser) - Today Barack Obama will announce a major financial reform package that will give the Fed, Treasury, and FDIC new powers of regulation and oversight. It's the most substantial shift in financial regulations since the 1930s—but stops short of some of the most radical proposals, including tough limits on derivatives...

Geithner, Summers Outline New Regulatory System
Geithner, Summers Outline New Regulatory System
OPINION
Jun 15, 2009 8:33 AM CDT

Geithner, Summers Outline New Regulatory System

(Newser) - The current financial regulatory system “is riddled with gaps, weaknesses, and jurisdictional overlaps,” Treasury Secretary Timothy Geithner and Obama economic guru Larry Summers write in today’s Washington Post. They outline, in broad strokes, their plan to fix it:
  • Capital and liquidity requirements will be raised across the
...

Obama Sees 'Victory' in Passage of FDA-Tobacco Bill

(Newser) - President Obama praised the passage of a bill allowing the FDA to regulate tobacco products as “a long time coming," the Hill reports. The legislation, which sailed through the House this morning, grants the agency new power to regulate tobacco ingredients and marketing. "After a decade of...

Senate OKs Tough New Tobacco Regulations

(Newser) - Congress struck the US government's strongest anti-smoking blow in decades today with a Senate vote to give regulators new power to limit nicotine in cigarettes, drastically curtail ads, and ban candied tobacco products aimed at young people. Cigarette foes say the changes could cut into the 400,000 deaths every...

New SEC Chair Stakes Out Her Territory

Schapiro moving decisively to overhaul troubled agency

(Newser) - As soon as she took over the SEC, Mary Schapiro started making changes. She scrapped rules that had hindered investigators, hired a new enforcement director, and refocused regulators on high-profile financial crisis-related cases. “I wanted to be clear from my first day—not just with words, which are pretty...

Obama Wants to Tame Wild Derivatives Market

(Newser) - President Obama wants to put the so-called dark markets under control, the New York Times reports, seeking congressional approval to regulate the byzantine world of derivatives trading—which played a large role in the current financial mess. In a letter to lawmakers, Treasury chief Timothy Geithner calls for an oversight...

Obama: G20 Will Prepare World for Recovery

Upbeat prez dismisses rift with Europe over need for stimulus

(Newser) - Barack Obama voiced optimism for a global deal at this week's G20 summit in London and downplayed talk of a split between the US and Europe, in his first interview with a foreign publication, the Financial Times. Saying that "we need stimulus and we need regulation," the president...

Stories 41 - 60 | << Prev   Next >>
Most Read on Newser