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Obama Urges Regulators To Enact Wall Street Rules

August 20, 2013

WASHINGTON (AP) — Three years after President Barack Obama signed a sweeping overhaul of lending and high-finance rules, execution of the law is behind schedule with scores of regulations yet to be......

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(6)

LogHog

Aug-21-13 7:41 AM

The Great and Fearful "leader" obamma wants to be remembered as The Pied Piper of our time. That's it listen to my music. Follow me. That's it, over the cliff you go.

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Blackrock

Aug-20-13 9:42 AM

The problem, Mr President, is that no one is listening to you. You have become Mr Irrelevant.

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WVEXPAT

Aug-20-13 9:39 AM

I believe there are a couple good ideas in Dood/Frank but as usual they get perverted by the Lobbyists and Politicians!!

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WVEXPAT

Aug-20-13 9:39 AM

Rounding out the top five are Morgan Stanley (175 meetings, covering 46 topics), Bank of America (156 meetings, covering 41 topics) and Citigroup (134 meetings, covering 47 topics). All told, active financial institutions show up in the meetings logs for at least 2,118 meetings during the first three years of implementation. In the 152 weeks our data cover, we find 59 weeks in which regulators met with financial sector representatives at least once every single day (Monday through Friday), and 47 weeks in which they met with financial sector representatives at least four times. Only three weeks (two Christmas break weeks, and one August congressional recess) show no meetings with the financial industry. By contrast, active pro-reform groups appeared in only 153 meetings logs – only about one meeting for every 14 regulators held with financial institutions and associations."

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WVEXPAT

Aug-20-13 9:37 AM

The Code of Federal Regulations is now up to 174,545 pages! Both Bush and Obama have made huge additions, but with both Obamacare and Dodd/Frank still incomplete the current administration wll undoubtedly become the leader. With a significant amount of Dodd/Frank yet to be written it's disturbing how much it will benefit Wall Street and hurt Main St financial institutions. Wall Streeters have millions to pay accountants/legal teams to navigate regulations, Ma/Pa not so much. And indeed the BIg Banks have been well represented in Dodd/Frank planning meetings. From the Sunlight Foundation, "Goldman Sachs is the most active organization. It had representatives at 222 meetings, covering 51 topics. JP Morgan participated in 207 meetings, also covering 51 topics. Combined, these two Wall Street giants alone participated in 50 percent more meetings (429) than the top 20 most active pro-reform groups combined (287). Rounding out the top five are Morgan Stanley (175 meetings, coveri

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dyingov

Aug-20-13 6:18 AM

"Even so, the rules are so complicated, that the ones already written have filled about 13,800 pages of regulations, compared to the 848 pages it took to write the law itself."

Translation: No one has a clue!

Tax laws 78,000 pages, Obomacare 21,000 pages and Wall Street rules 13,000 pages. This is the result of too many federal employees with nothing better to do....

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