Posts Tagged ‘financial reform bill’

The Federal Reserve Made a Record $47.4 Billion HELPING Housing Market in 2009?

Written on 27 Jul, 2010 at 20:05

The Federal Reserve, by the way, doesn't exist to make a profit like the commercial banks. Until 2009, the Fed paid no interest on the bank reserves and other monies it holds, and it earns interest on the Treasury... (Continue reading)

Elizabeth Warren’s Appointment In Jeopardy-We Have to Act Now

Written on 23 Jul, 2010 at 5:37

Elizabeth Warren's appointment to the Consumer Financial Protection Bureau, the agency she conceived of and has lobbied for since 2007, is by no means assured, and in fact, sources on The Hill say they don't think Warren will get the... (Continue reading)

Ratings Agencies Panic: New Financial Reform Bill Means Expert Liability

Written on 21 Jul, 2010 at 19:16

Perhaps most notably, but least mentioned, the bill requires the credit rating agencies, Moody's, Fitch, and Standard & Poors, to not only be more transparent, but also potentially liable for issuing "bad ratings" on bonds. The role of the... (Continue reading)

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Elizabeth Warren on the Foreclosure Crisis

Written on 19 Jul, 2010 at 8:58

Elizabeth Warren: "It's about respect. I believe that the American people ought to be part of the conversation about what's happening in our economy, and what's happening in Washington D.C. and what's happening on Wall Street. I truly... (Continue reading)